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FCA CRACKDOWN ON CONTACTLESS CARD FRAUD SECURITY FLAW

FCA CRACKDOWN ON CONTACTLESS CARD FRAUD SECURITY FLAW

The UK Financial Conduct Authority (FCA) has set out measures to tackle fraud on contactless cards which have been reported lost or stolen. In a letter to the treasury select committee, the FCA said consumer losses on contactless payments were relatively small, but in some circumstances cards could be used by a fraudster several months after [...]

The post FCA CRACKDOWN ON CONTACTLESS CARD FRAUD SECURITY FLAW appeared first on Payments Cards & Mobile.

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