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Is your firm prepared to move beyond old fraud prevention technologies?
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Monday, March 9, 2015
Using Smart Phones to Improve Bank and Apple Pay Security
Recently, we've seen a lot of media coverage around Apple Pay being used for fraudulent activities by criminals with stolen identities and credit cards.
Many of the articles highlight that fraud is stemming from a back door in the activation process called the “yellow path”. The yellow path is the process by which the bank can put the card activation on hold to do additional verifications.
Is your firm prepared to move beyond old fraud prevention technologies?
Is your firm prepared to move beyond old fraud prevention technologies?
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