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Survey: 42% of US cardholders victims of card fraud

Survey: 42% of US cardholders victims of card fraud

A survey from the Aite Group and ACI Worldwide showed that 42 percent of US cardholders have experienced card fraud, compared with 27 percent of cardholders globally. The United States, indeed, lags behind the rest of the world in card payment security as the two...
VISA SHIFTS LIABILITY FOR EXCESSIVE DISPENSER FRAUD

VISA SHIFTS LIABILITY FOR EXCESSIVE DISPENSER FRAUD

Effective Nov. 1, Visa began shifting liability for excessive fraudulent transactions at automated fuel dispensers (AFDs) to station operators. Under Visa’s program, retail fuel marketers are deemed to have “excessive” fraud when they reach at least $10,000 in monthly...