Re: Fraud will find a way

fwiw

http://www.droplabs.co/?p=1231

p.


On Wed, Mar 4, 2015 at 8:40 AM, Manu Sporny <msporny@digitalbazaar.com>
wrote:

> 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/
>
>