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4.41618088677766E-05 -0.00017664723547073 -0.000353294470941459 -0.0019431195901784 -0.00141317788376609 -0.0019431195901784 -0.00256138491432602 -0.00256138491432602
Stock impact report

PaysafeVoice: What Merchants Should Know In The Fight Against Credit Card Fraud [Forbes]

Equifax, Inc. (EFX) 
Last equifax, inc. earnings: 4/20 05:24 pm Check Earnings Report
US:NYSE Investor Relations: investor.equifax.com
Company Research Source: Forbes
By Teresa Meek Moving to the EMV standard for credit cards with embedded chips was supposed to decrease card fraud. Instead, the problem is growing worse. iStock You can reduce fraud, but never eliminate it. Identity theft fraud — mostly from credit card theft or hacking — rose to $16 billion in 2016, a billion dollars higher than the previous year, a  study  by Javelin Strategy & Research found. This type of fraud affected more than 15 million people, or 6 percent of all consumers. In a Paysafe survey called Lost in Transaction , more than 40 percent of businesses reported that over 5 percent of their transactions were fraudulent. With stricter physical measures in place and card companies watching transactions like hawks, why is fraud increasing? The answer reveals the cat-and-mouse nature of the battle against fraud. Security chips make it harder for criminals to use stolen cards in stores, so criminals have migrated online, where the chips ha Show less Read more
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