More than 90 million attempted cyber attacks across industries were launched in the third quarter, representing a 20% increase over the previous quarter. Fraudsters are now using bots and botnets to run massive identity testing sessions in order to penetrate fraud defenses.
China’s UnionPay has become the only international bankcard association offering Chinese Visa application VIP express service. UnionPay cardholders can apply at the Chinese Visa Application Service Centers in five cities in Australia, namely Sidney, Melbourne, Canberra, Brisbane and Perth. This service will substantially shorten the processing time, and will soon be rolled out in some of the other countries where UnionPay cards have been issued.
The average late stage U.S. credit card delinquency (90+ day) among the nation’s six largest issuers increased five basis points (bps) sequentially, to 0.85% for the third quarter, compared to 0.80% in the prior quarter and 0.88% one-year ago. However, all the issuers, except Capital One, were down year-on-year (YOY), according to CardData.