Remove Debit Transaction Remove Large Merchants Remove Point-of-Sale (POS)
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How FIs Can Win The Battle Against ‘Smarter’ Payments Fraud

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They seek to test every new payment type (across small and large merchants), as well as pinpoint weaknesses in firms’ fraud detection and mitigation programs. Lerdal pointed to P2P payments and eCommerce as key areas of attack. “In In the old days, it was ATMs and the point of sale [POS],” he said.

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