Articles with tag like: fraud costs

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Almost half of the fuel merchants are currently unprepared to meet the EMV deadline

News | Digital Identity, Security & Online Fraud | 26 Aug 2020

ACI Worldwide has revealed that as of July 2020, 47% of major fuel merchants are unprepared to meet EMV automated fuel dispenser (AFD) compliance by the new April 2021 deadline.

ACI Worldwide, survey, fuel merchants, EMV, automated fuel dispenser, AFD, compliance, fraud, card issuers, COVID-19, chargebacks, fraud costs, fraudsters, data security, encryption, tokenization, digital payments, contactless payments, mobile payments, alternative payment methods

Every dollar of fraud costs FIs almost USD 3, LexisNexis survey shows

News | Digital Identity, Security & Online Fraud | 01 Oct 2018

Every dollar of fraud costs credit unions and other financial services providers about USD 2.92 in fees, fines, interest, labour, and other expenses, according to LexisNexis Risk Solutions.

LexisNexis Risk Solutions, survey, fraud costs, fraud prevention, online security, identity verification, online authentication, online security, identity fraud