This white paper from Goode Intelligence investigates the growing issue of the cost of card payment fraud around the world and how biometric technology can help reduce fraud.
Author: Goode Intelligence
Publication Date: Apr 28 2020
Number of Pages: 12
Payment card fraud is a $28 billion global problem for both card-present (CP) and card-not-present (CNP) scenarios. This white paper from Goode Intelligence details the levels of fraud around the world and examines the types of fraud that are prevalent.
Technology is proven to reduce payment fraud. The study investigates how biometric technology can significantly reduce levels of card fraud and also meet Strong Customer Authentication (SCA) technology standards.
The white paper explores the benefit of biometric payment cards and details how they can lead to a 52 percent reduction in card fraud costs.
