PaymentEye: Biometrics: Winning the battle against payment fraud
19 July 2018
By Dave Orme, SVP, IDEX Biometrics
Card and payment fraud is a serious problem that is leaving financial institutions needing to pick up the financial and logistical damage left behind by fraudsters on an alarming scale. Whilst banks are left trying to manage the fall-out from fraudsters, consumers are also left feeling alarmed as they see payments, that they know they have not made, coming from their bank account. Having to take time out of their busy diaries to report missing or stolen cards is not only frustrating for cardholders, but is equally felt by banks who invest countless time and resources in managing this issue. No matter who you are, card fraud is a major challenge that will face us all.