Remove Account Takeovers Remove Chip Cards Remove Enrollments
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Synthetic Identities, Tailor-Made For Fraud

PYMNTS

Chip cards removed at least some of the gains to be had from counterfeit cards – although, according to Barnhardt, “All this fraud has to find a home. Because these are based on valid Social Security numbers, they will usually not be flagged at either the point of new account enrollment or at the transaction.