Payments Networks Poised to Spend Big to Fight E-commerce Fraud

American Banker

“An explosion in fraud has accompanied the public’s accelerated adoption of e-commerce over the past year, and payments companies likely will have to respond by spending more on security… For the full year, the value of losses due to e-commerce fraud will increase by 14% to more than $20 billion, according to estimates by Juniper Research. It blames insufficient fraud-mitigation efforts by merchants.”