Prepaid Fraud Prevention Is A Team Sport

by PaymentsJournal 0

Fraud is a topic that the prepaid payment card industry does not like to talk about openly for fear of spooking customers and tipping providers’ defensive hand. However, fraud will continue to hound the industry even as new defenses are developed. The best data on prepaid card fraud comes from the Federal Reserve. It ongoing surveys of debit and prepaid card issuers show that fraud continues to grow.

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