Javelin finds fraud-prevention measures lag when compared with resolution and detection. Many banks are not working with security vendors to address growing concerns about card-not-present fraud. The Federal Reserve’s announcement last week to offer a 1-cent per transaction incentive for fraud prevention investments tied to debit is expected to soften the blow. Some proponents of the interchange incentive say it could motivate card-issuing institutions to more closely examine a move toward chip-and-based Europay, MasterCard, Visa standard.”]
Source: https://www.fraudtoday.io/fraud-prevention-consumers-are-key-a-3822