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Features Payment Technology
Fraudsters exploit weak bank security process to add fake cards on Apple Pay


March 5, 2015
By Malarie Gokey Digital Trends

Topics

March 5, 2015, New York – Fraud accounts for six per cent of Apple Pay transactions, which is much
higher than the 0.1 per cent rate for card swipe transactions. The problem seems to be less with Apple’s security system than with individual banks’ processes for verifying credit cards for the system. Digital Trends reports. | READ MORE