Banking Apps Shun Geolocation Data; Why Fraud Risks Could Follow
PYMNTS
DECEMBER 7, 2020
Unfortunately, most consumers only learn of this location loophole after something bad happens, such as a stolen credit card or a fraudulent transaction, Briggs pointed out. What I've heard multiple times is, ‘Why did [the bank] think I was in Detroit? I've never been to Detroit. Why did they let that through?’”
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