Boston, September 18, 2014 – U.S. credit card originations are on the rise, but payment card fraudsters have also increasingly targeted the country; transactional card fraud abounds at the point of sale and online, and it is now more frequent even in the mobile channel. Fraudsters, it seems, have an uncanny ability to find an open window after any door closes. What can card issuers and merchants do to protect themselves?
This Impact Note, based on an Aite Group survey of 54 executives at MasterCard's Global Risk Management Conference in May 2014, breaks down the current credit card fraud losses plaguing the industry, examines the most serious online and mobile threats, reports what execs think should be done to make Payment Card Industry data security standards more effective, and presents the most effective fraud-prevention technologies.
This 16-page Impact Note contains 11 figures. Clients of Aite Group's Fraud & AML service can download this report.