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Report Fraud To Apple Pay. Apple's new mobile payment system, apple pay, is under threat from criminals. At this point, every issuer in apple pay has seen significant ongoing provisioning fraud via customer account takeover, abraham wrote last month.
Reports of thieves using stolen payment info with apple pay surfaced earlier this week, and banks are already stepping up security measures. Verify that the billing and shipping addresses. How do i report fraud that was paid with apple pay?
Abraham noted that fraud accounts for 6 percent of apple pay transactions, which is much higher than the 0.1 percent of card swipe transactions that the only time when fraudsters find a vulnerability in the system is when users add a credit card to apple pay.
Apple pay onboarding fraud is both a bank *and* an apple problem. Apple card could prevent fraudsters loading up wallets with stolen credit card data. Verify that the billing and shipping addresses. If we do that with apple pay, it will consume the token.