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The 8 Different Types of Card Fraud

The payments industry has long been creating new innovations to combat fraudsters in order to create a secure environment for financial transactions. From holograms and the tamper-evident signature panel to card validation codes and EMV chip, many of these security advances have become industry standards.

read more on this link: http://newsroom.mastercard.com/asia-pacific/2014/10/28/8-different-types-card-fraud/

Online Retailers: How to Recognize and Reduce eCommerce Fraud

Credit cards have been consistently the single largest source of payment fraud for many years. A report on the true cost of fraud found that credit cards contributed to 52 percent of all U.S. payment fraud in 2014. To combat this problem, European card issuers have fully implemented EMV (Europay, MasterCard and Visa) chip cards for more than a decade. Consequently, the technology has resulted in a 75 percent decrease in credit card fraud at brick and mortar stores in the UK over 8 years.

read more on this link: https://www.trulioo.com/blog/online-retailers-how-to-recognize-and-reduce-ecommerce-fraud/

  1. scams,#onlinefraud,#onlinescams,#scammers
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