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    Consultant: Apple Pay fraud “rampant”

    News in brief

    Apple Pay fraud levels are now “rampant” with every Apple Pay (AP) issuer having seen “significant” provisioning fraud, payments consultant Cherian Abraham claims in a detailed blog post. The fraud levels being experienced “came as a surprise to all”, he writes. “Tokenization, on-device secure storage and biometrics separately and together are formidable, but the soft underbelly proved to be provisioning of cards into AP.”

    Filed by Email Sarah Clark Published • Last updated 23 February 2015, 18:14

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