Who Loses from Credit Card Fraud?
US card issuers absorb 59% of bank card fraud losses, 41% belong to the merchants. The fraud rate will decline when we switch to EMV cards next year....
Tag: credit card fraud
How the Acceptance of U.S. Credit Cards in Europe Will Reduce Fraud Losses
The planned adoption of chip-and-PIN cards in the U.S. next year will reduce fraud and will also cure our headaches at European credit card checkouts....
Credit Card Issuers Do Poorly at Detecting, Well at Resolving Fraud
Criminals are getting better at stealing card account information, while banks and consumers are simply not doing enough to protect their data....
How to Use the Address Verification Service (AVS)
AVS allows merchants processing card-not-present transactions to verify customers' billing addresses by matching them to what the issuer has on file....
Outdated Mag-Stripe Technology Helps Credit Card Fraudsters
The mag-stripe technology has been around since the 1970s and is now causing rising rates of card skimming and counterfeiting, mostly in the US....