Contactless Payments Fraud – A Sleeping Lion in a Trillion-Pound Market
FICO
APRIL 13, 2022
trillion by 2028. If we look at the current numbers against the wider backdrop of card fraud, they are fairly low in comparison. For example, in the UK, data from UK Finance revealed that in 2020 there was a total of £574 million lost through card fraud. Europe and the UK are currently leading the market.
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