Security and Authentication in Alternative Financial Services
A Mercator Advisory Group Executive Brief, Sponsored by IDology
Payment fraud and identity theft are also benefiting from the technology innovations creating new, online channels for account acquisition and customer service. Despite businesses’ greater investment in security and stricter enforcement protocols, fraudsters are discovering new ways to disguise their identity and steal other identities such as through new spoofing or phishing attacks. Payment industry executives realize that as EMV chip technology is implemented in the United States to combat counterfeit card fraud, attacks on online and mobile channels will become more frequent.
This Report Discusses...
• How to manage fraud risk in a virtual world.
• Common types of prepaid card fraud.
• How to balance security against customer friction.
• New financial services that will require new fraud prevention strategies.
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