Tag: Financial loss

Contactless Payment Fraud Can Occur Up To 8 Months After Cancelling The Card

Contactless payments were once heralded as a way to combat large-scale fraud in the payment card industry. Despite best efforts by banks and card issuers, the number of fraudulent transactions remains alarmingly high. To make matters worse, customers who report their card as lost or stolen may still be a victim of fraud up to eight months later. Contactless Payments Are Not The Answer Moneysavingexpert.com, a renowned UK website, has …
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