Thursday, August 4, 2011

Lack of US innovation costing Billions in preventable fraud

Finextra

The US is enamored with outdated and costly modality that is costing Billions in lost revenue and fraud. While many argue the business case for moving to technology like EMV or NFC is hard to justify, the reality is it is incredibly simple to justify based simply on mathematics around today’s massive cost of fraud. 
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