ACI Report Shows Card Fraud Gets Worse Over Time

Payment fraud is a matter more consumers should be concerned about. A new report by ACI shows how nearly one in three consumers has dealt with card fraud over the past five years. There are alarming numbers, even though this is another clear example as to why Bitcoin is entirely different in a positive manner.  

The report published by ACI is not hinting at a positive future for payment card users around the world.  Keeping in mind how almost one in three people on this planet who own a payment card have been affected by fraud is not reassuring by any means. In fact, almost one in five has dealt with multiple fraud issues over the past five years.

Card Fraud Numbers Continue To Rise

But there is more, as these fraud numbers have an immediate impact on consumer behavior. Forty percent of respondents indicated they use a compromised card less frequently after a fraud incident. But only one in five will charge card providers if they are not happy with the aftermath of resolving the fraud exposure. These are delicate matters, which need to be handled with care.

If that wasn’t enough, more than one in ten consumers admitted they lack

Read more ... source: TheBitcoinNews