As EMV migration and adoption accelerate throughout 2016, an increase in Card Not Present fraud is inevitable. EMV shifts caused considerable spikes in CNP fraud in Canada and Europe more than a decade ago when mobile shopping didn’t even exist, and the ramifications for the U.S. could be enormous.
The shift to EMV is adding complexity and cost for card issuers and it’s only going to tackle part of the problem around payments fraud. That’s according to Render Dahiya, CEO of Arroweye Solutions at least.
The Consumer Financial Protection Bureau (CFPB) four-year deliberation about prepaid came to a screeching halt on October 5, when they finally asserted new prepaid regulations. Not only did the CFPB deliver a wealth of regulatory changes to prepaid industry players,