Debit Card Use is On the Rise, and so is Fraud
In an August 19, 2019 article in paymentssource.com, written by Michael Moeser, it is written that debit cards are the most popular card at the gas pump.
This article also describes how Card Not Present fraud has risen even with the advent of embedding cards with chips. Credit unions face growing losses from fraud and must have policies and procedures in place to help mitigate fraud losses.
TCT Risk Solutions provides Compliance and Policy Preparation services that aid small credit unions in meeting regulatory compliance issues and help draft effective policies.