You’ve Been Signed up for a Credit Card Program You’ve Never Heard Of
Add-on credit card programs like credit monitoring and payment plan protection are often marketed in deceptive or fraudulent ways and should be banned....
Tag: credit card fraud
Grocery Stores, ATMs Top Locations for Credit and Debit Card Fraud
Card-not-present fraud losses have increased at twice the rate of counterfeit card losses; 1% of U.S. credit and debit cards are affected by fraud....
Adoption of Chip-Based Credit Cards Pushes up E-Commerce Fraud
E-commerce fraud tends to spike following adoption of chip-based cards, because fewer fake cards are produced and used in face-to-face transactions....
Magnetic Stripes, EMV Chips and Credit Card Fraud
Over time, countries that adopt the EMV (chip-and-PIN) payment card technology invariably experience lower losses from domestic credit card fraud....
Using a PIN at the Checkout Reduces Debit Card Fraud by a Factor of 5.5
Using a PIN to authenticate a debit cardholder at the checkout reduces losses from debit card fraud by a factor of 5.5, compared to using a signature....