The Effect of Rising Fraud Levels on Consumer Trust

Earning Consumer Trust 

More than £1.7m a day was lost to financial fraud across payment cards in the UK last year. This news has inevitably had a negative impact on consumers’ trust in online banking and shopping.

For online merchants to increase their revenue, consumers must trust that their personal and payment details are secure at all times. This means merchants, banks, payment service providers (PSPs), acquirers and issuers’ technology must be secure. Read more