contactless fraud RSS
Although contactless payments are one of the UK’s greatest banking innovations, research from IDEX Biometrics has revealed that consumers are still highly concerned about the threat of contactless fraud. In... more
The post Fear of contactless fraud leaves UK consumers demanding more security appeared first on Payments Cards & Mobile.
According to figures from Action Fraud, the UK’s national fraud reporting service, contactless card fraud is surging. A total of £1.8 million was stolen by fraudsters from contactless users in 2018.... more
So, contactless card fraud hit £7m in the UK in 2016, up from £153k in 2014. Cue click-bait headlines about fraud soaring by almost 4,500%. When you dig a bit deeper, this is both mischievous scaremongering and quite misleading. contactless card, card fraud, contactless fraud, fraud Salacious spending spree Firstly, the article explains how contactless card theft allows [...]
The post Contactless card fraud is on the rise – UK rate hits 4,500% appeared first on Payments Cards & Mobile.