Fraudsters know banks are slow to pick up on and react to fraud. Recent waves of retail fraud, often linked to card compromises at merchant locations, highlight why it’s so critical for card issuers and consumers to catch fraud sooner. Some industry pundits suggest more consumer involvement, through text alerts and interactive alerts and messages, could drastically reduce fraud. And I think banks appreciate this notion, too. I see it in the interactions I have with my own institution, too, in my own bank.”]
Source: https://www.cuinfosecurity.com/blogs/are-fraud-alerts-improving-p-1146