Card-not-present fraud is creating "silent revenue killers" for card issuers because many consumers will close their accounts after dealing with fraud from shopping online, new research indicates.

With the introduction of EMV chip cards at the physical point of sale, security experts have long predicted that card-not-present transactions would naturally draw more of fraudsters' attention. Not surprisingly, consumer attitudes toward online shopping shift dramatically as well, according to a Sparks Research study commissioned through online fraud prevention provider Tender Armor.

Subscribe Now

Authoritative analysis and perspective for every segment of the payments industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry