Credit-Card Fraud Attempts on the Rise

FIS reports that credit and debit card fraud attempts have increased since the coronavirus hit the US; the dollar volume of fraud attempts rose 35% in April from the previous year; many of these transactions were caught before they actually posted to accounts but it still poses a problem for both consumers and lenders; if fraudsters end up being more successful the result could mean more losses for the card issuers and increased costs to consumers; Fraud losses totaled $16.9 billion last year, up 15% from 2018; according to others in the industry, banks have increased fraud projections for 2020; the WSJ digs into the tactics of the fraudsters and the challenges that financial services institutions face. The Wall Street Journal

  • With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]