A Look At Debit Card Fraud And Implications For Growth
Laurie Giesen writes for BAI's Payments Strategies about debit card fraud and looks at whether recent publicity about these cases could affect debit's on-going appeal to consumers. “The media attention on these recent events could potentially harm banks’ reputation as being a safe place for customers to put their money. This harm to the banks’ reputation could be much more serious than the cost of covering the losses,” says Gwenn Bezard, research director for Boston-based Aite Group LLC.
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