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Card fraud losses hit $21.84 billion in 2015 – up 20.6%
Card fraud losses incurred by banks and merchants on all credit, debit, and prepaid general purpose and private label payment cards issued worldwide reached $21.84 billion last year when global card volume (purchases of goods and services combined with cash advances and withdrawals) totaled $31.310 trillion. This means that for every $100 in volume, 6.97¢ [...]
The post Card fraud losses hit $21.84 billion in 2015 – up 20.6% appeared first on Payments Cards & Mobile.
New payment services bring a better customer experience but also the attention of fraudsters
Payment card providers that are battling for market share are introducing new services to defend and expand their client base. New initiatives by issuers bring a better customer experience. However, they also bring the attention of increasingly sophisticated fraudsters. Co-Founder and CIO of risk mitigation experts Global Risk Technologies, Monica Eaton-Cardone, analyses recent moves from [...]
The post New payment services bring a better customer experience but also the attention of fraudsters appeared first on Payments Cards & Mobile.
