THE PAYMENTS SECURITY REPORT: Payments companies are trying to fix the massive credit-card fraud problem

There is a massive credit card fraud problem in the US. Fraud cost US retailers approximately $US32 billion in 2014, up from $US23 billion just one year earlier. Much of the fraud problem is the result of the relatively weak security of credit and debit cards.

To solve the card fraud problem across in-store, online and mobile payments, payment companies and merchants are implementing 5 new major payment protocols that could finally help mitigate fraud.

In a new report from BI Intelligence, we look at how the dynamics of fraud are shifting across in-store and online channels and provide infographics explaining the top new types of security that are gaining traction across each of these channels, including on Apple Pay.

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Here are some of the key takeaways:

In full, the report:

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