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View Full Version : Turns Out Apple Pay Can't Solve Credit Card Fraud - Gizmodo



FraudNews
01-27-2015, 01:42 AM
http://www.fraud-news.com//t2.gstatic.com/images?q=tbn:ANd9GcSx6Y-aHY2vHZe1TFX00DHSG4aEdBAbi3zJluPVmRNQB379mJHpw-_A0GJcjwg6ytCPSETiNC49
Gizmodo (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNF2-9GGkQcwR8b93Gml60ZyfxcIKQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778724505909&ei=DfvGVLBtqc3BAZjQgOAP&url=http://gizmodo.com/turns-out-apple-pay-cant-solve-credit-card-fraud-1681932420)


Turns Out Apple Pay Can't Solve Credit Card Fraud (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNF2-9GGkQcwR8b93Gml60ZyfxcIKQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778724505909&ei=DfvGVLBtqc3BAZjQgOAP&url=http://gizmodo.com/turns-out-apple-pay-cant-solve-credit-card-fraud-1681932420)
Gizmodo
And it's not a small problem: Drop Labs claims that for some issuers, fraud levels are as high as 6% (meaning $6 of every $100 spent is fraudulent). That's bad even when compared to regular credit cards, whose fraud rate averages out at under 1%.

and more » (http://news.google.co.za/news/more?ncl=dt4ulmC8081PO9M&authuser=0&ned=en_za)





More... (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNF2-9GGkQcwR8b93Gml60ZyfxcIKQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778724505909&ei=DfvGVLBtqc3BAZjQgOAP&url=http://gizmodo.com/turns-out-apple-pay-cant-solve-credit-card-fraud-1681932420)