Emerging Vectors for Payments Fraud
With EMV card deployment reducing fraud at the point of sale, cyber-criminal schemes are targeting email, mobile devices and other channels.
Browsing: Chip and EMV
Digital Transactions Driving Growth in Debit, Survey Shows
Debit card use and market penetration continued to grow last year, while fraud losses declined, according to Pulse’s debit issuer survey released this morning.
Payments Trends to Watch in 2019
Read on for further insights on faster payments, open banking, security and more.
Fed Survey: Payment Fraud Remains Rare
Payment fraud remains rare, representing small fractions of 1 percent of the total number and the total value of payments, according to the Federal Reserve Payments Study released today.
Debit Card Use, Market Penetration Rises in 2017, Survey Finds
Debit card use and market penetration continued to grow in 2017, while fraud losses declined, according to Pulse’s debit issuer survey released today.
Visa: Counterfeit Fraud Drops 76 Percent at Chip-Enabled Merchants
Retailers that have completed their EMV chip card technology upgrades have seen counterfeit fraud drop 76 percent from the end of 2015 to the end of 2017, according to new figures released today by Visa.
Financial Trade Groups Write to House Leaders in Support of Data Breach Notification Bill
ABA and six other financial trade organizations wrote to House leaders today underscoring the need for businesses across all industries to be held to the same data protection and breach notification standards currently adhered to by regulated financial institutions.
Visa: Retailers See Decline in Counterfeit Fraud as EMV Migration Continues
As retailers nationwide continue to transition to chip card technology, those who have completed their upgrades have noticed a significant decline in counterfeit fraud, according to a new infographic by Visa.
ABA Report: Banks Stopped Nearly $17 Billion in Fraud Attempts in 2016
The nation’s banks stopped nearly $17 billion in fraudulent transactions in 2016 — a figure that represents a substantial increase since 2014 in attempted fraud, when the industry stopped $11 billion — according to ABA’s 2017 Deposit Account Fraud Survey Report released today.