PHOENIX — A free-ranging panel at the BAI Payments Connect conference that focused on fraud left attendees with a takeaway that old frauds never die, they don't even fade away.
A case in point: New account-opening frauds are spiking upwards, said Scott Grizzle, an executive with Capital One. Nobody saw this coming but it is fact, said Grizzle.
A prediction from the panel: old-fashioned check fraud likely will vault up in 2015, as PIN and chip cards help lessen mag card frauds and ATM skimming
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