Debit Card Use Rises- So Does Fraud
In a December 2019 article, on paymentssource.com, Michael Moeser writes that debit card use is on the rise and so is fraud.
Credit unions will see more of their members shifting transaction activity from credit cards to debit cards. Sadly, fraud losses will continue rising even with this shift. Credit unions will need to keep their policies current to make sure they are minimizing losses due to fraud.
TCT’s Regulatory Compliance and Policy Writing Services helps credit unions (especially small credit unions) remain compliant and keep their policies up to date.