Mobile commerce popularity pushes fraudulent payment transactions to record highs

mobile commerce popularity

New data released in Europe shows card fraud was way up in 2016, as the U.K. suffers the most. A newly released report is pointing to mobile commerce popularity to help explain why card fraud transactions are skyrocketing in Europe. The United Kingdom is facing the largest losses among all the countries in the European Union, having recorded a £618 million (€713 million) loss last year. The European Union’s total losses were an estimated €1.8 billion in 2016, including the U.K.’s figure. The report on these figures blames mobile commerce…

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