Fraud will find a way

Fraud Comes to Apple Pay
http://blogs.wsj.com/digits/2015/03/03/fraud-comes-to-apple-pay/

"""
Abraham said it’s not “an anomaly” to see fraud accounting for about 6%
of Apple Pay transactions, compared to about 0.1% of transactions using
a plastic card to swipe. He noted that fraud rates vary by issuing bank.
...
the weakness identified by Abraham occurs at an earlier stage, when a
user is adding a credit card to Apple Pay.
...
Card issuers have been eager to join Apple Pay, and it’s possible that
some didn’t provide enough training to customer-service representatives
who handle authentication questions
"""

-- manu

-- 
Manu Sporny (skype: msporny, twitter: manusporny, G+: +Manu Sporny)
Founder/CEO - Digital Bazaar, Inc.
blog: The Marathonic Dawn of Web Payments
http://manu.sporny.org/2014/dawn-of-web-payments/

Received on Wednesday, 4 March 2015 00:41:18 UTC