Fed: ‘Card not present’ fraud tops concerns of regional banks, credit unions

PROVIDENCE – In an increasingly digital world, fraud through online and phone transactions has become the top concern for banks and credit unions, according to a new study by the Federal Reserve Bank of Boston. Nearly 40% of New England financial institutions surveyed named “card not present” fraud, in which a thief obtains a consumer’s…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -