PCM Issue Issuing & Acquiring -

CNP Fraud To Exceed $7 Billion

IOVATION AND AITE Group have developed an impact note entitled EMV: Issuance Trajectory and Impact on Account Takeover and CNP. The report calculates that card-not-present fraud – fraudulent transactions where a card is not physically presented to a merchant – will cost retailers and financial institutions $7.2 billion in the United States by the end [...]

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