Report Fraud On Apple Pay. According to reports, hackers are using stolen credit card data to make fraudulent purchases using apple pay. Apple's new mobile payment system, apple pay, is under threat from criminals.
Apple pay is a mobile payment system that was in use by close to 440 million people around the world as of september of 2019. I utilized apple pay to send $600 to an acquaintance to purchase iphone equipment via best buy. Criminals are finding ways around apple pay's safeguards.
Apple card could prevent fraudsters loading up wallets with stolen credit card data.
For payment providers in europe, the revised payment services directive (psd2) means that they will now be legally responsible for fraud across their entire portfolio of online sellers. But the recent reports involving the service have more to do with identity theft than breaking into apple's encrypted biometric enabled. You may need it to report the loss to other law enforcement agencies. March 3, 2015 at 10:00 a.m.