THE PAYMENTS SECURITY REPORT: 5 new security protcols aim to fix the massive credit-card fraud problem

There is a massive credit card fraud problem in the US. Fraud cost US retailers approximately $32 billion in 2014, up from $23 billion just one year earlier. Much of the fraud problem is the result of the relatively weak security of credit and debit cards.

To solve the card fraud problem across in-store, online and mobile payments, payment companies and merchants are implementing 5 new major  payment protocols that could finally help mitigate fraud.

In a new report from BI Intelligence, a closer look at how the dynamics of fraud are shifting across in-store and online channels is taken and infographics explaining the top new types of security that are gaining traction across each of these channels, including on Apple Pay, are provided.

Here are some of the key takeaways:

Read More – http://uk.businessinsider.com/new-security-protocols-to-fix-credit-card-fraud-problem-2015-4

Blog English, Cyber Security