Combating electronic payment fraud

As payment channels evolve, not only do Financial Institutions (FIs) continue to fight the growing threat of electronic payments fraud, they also face a growing variation of fraud techniques across multiple channels.

New mobile payment systems, such as Apple Pay, provide consumers with extreme convenience by allowing them to pay retailers directly with their phones, but they also open banks up to a new channel of fraud exposure from which they have to protect customers.

Link to article