This Week In Credit Card News: Identity Fraud Hits All-Time High; Apple Pay’s Move Into E-Commerce

By | February 16, 2018

identity fraud

What took place this week in the credit card and payment industries

Source: www.forbes.com

Last year marked a large shift in the world of data breaches. For the first time, Social Security Numbers were compromised more than credit cards. A staggering 16.7 million consumers were affected by identity fraud last year, an 8% increase over year-ago levels and the highest volume since Javelin Strategy & Research began their annual surveys in 2003. This fraud resulted in losses of $16.8 billion.

Author: Kiosk Industry

Kiosk manufacturer experience since 1993. Engineer for Verizon Bill Pay kiosks while at KIS in Colorado. Extensive device knowledge for printers, scanners, currency, PCI, ADA, touch screen technology, outdoor, biometrics such as fingerprint and IRIS. Runs and manages the current kiosk association, KMA. Works with U.S. Access Board on ADA and accessibility. PCI SSC participating organization. Member of National Retail Federation (NRF) and National Restaurant Association.