Combatting Cross-Border Payment Fraud: A Call to Action for Secure Transactions | HackerNoon

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Cross-border payments accounted for. 11% of total card payment transactions, according to the European Union. The European Commission introduced a legislative proposal aimed at enabling citizens with bank accounts in the European Economic Area to execute instant euro payments. The critical challenge for companies engaged in this field is to devise strategies that effectively balance the two aspects of speed and security.