Cards & Payment Trends
$24.26 billion lost due to payment card fraud worldwide. The U.S. is the most prone country making up 38.6% of the reported card fraud losses.*
The payments landscape is changing fast. And, one of the biggest challenges today is for you to meet your members’ fast, convenient, and secure payment experiences. Navigating the rapid changes in payments can also lead to fraud and risk related to cards, ATMs, and alternative payments.
*The Nilson Report, November 2018 This resource is for informational purposes only. It does not constitute legal advice. Please consult your legal advisors regarding this or any other legal issues relating to your credit union. Any examples provided have been simplified to give you an overview of the importance of selecting appropriate coverage limits, insuring-to-value, and implementing loss prevention techniques. CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Insurance products offered to financial institutions and their affiliates are underwritten by CUMIS Insurance Society, Inc. or CUMIS Specialty Insurance Company, members of the CUNA Mutual Group.