2014 Fraud Spike Cost US Retailers $32 Billion

For retailers and card issuers, the push to switch over to EMV and tokenized payments can’t come fast enough, as 2014 saw a spike in the total costs of fraudulent purchases among U.S. retailers, according to a LexisNexis study.

Source: www.pymnts.com

Unknown's avatar

Kenneth Carnesi holds a Juris Doctor degree from New York Law School and a Professional Certificate in International Banking from Harvard Law School. Kenneth Carnesi is the Director of Operations and Government Sales at Anaptyx LLC and sits on the Boards of The Lazarus Organization, Monkeetech LLC and MG Madison Phillips, Inc. Mr. Carnesi has also founded CICG - Carnesi International Consulting Group, a company specializing in strategy consulting to small to mid-size businesses.

Posted in Uncategorized

Leave a comment