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Debit and Alternative Products
The State of Debit Card Fraud
Posted:
March 22, 2019
Author:
Sarah Grotta
Alternate Point of Contact:
Theodore Iacobuzio
Abstract:
Managing debit card fraud needs a new approach.
Debit card fraud since implementation of EMV is well managed despite a barrage of threats, but as the shift in transactions toward card-not-present channels continues and criminal tactics evolve accordingly, fraud prevention takes on a more critical role. Cardholders can be more effectively engaged in the fraud prevention effort if it is viewed as a product relationship service not a back-office function. Keeping debit cardholders safe from fraud protects not just the card but the core relationship.
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