Fraud expert Tom Wills says prepaid cards are replacing human money-movers known as mules. Plastic is less risky and less expensive, says Wills, director of Ontrack Advisory. Fraudsters are increasingly turning to prepaid cards for the movement of money to perpetrate fraud, he says. Wills has worked with companies such as Visa, VeriFone, Intuit, Wells Fargo and Bank of America. He also discusses: What banks can do to mitigate prepaid fraud risks; How stronger authentication practices could reduce prepaid fraud.”]
Source: https://www.cuinfosecurity.com/prepaid-cards-role-in-fraud-a-6693