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Mobile Wallets

Fraud’s New Frontier

The size of the global mobile payments market grew from $1.54 trillion in 2020 to $1.97 trillion in 2021 – and it is forecast to grow to $11.83 trillion by 2028.

Anyone who deals with payment fraud professionally knows that fraudsters follow the money – and mobile wallets are no exception. Mobile wallet fraud now accounts for a significant portion of fraud costs.

Mobile wallets: Fraud’s New Frontier examines mobile wallets, the technology used to secure them, the inherent risks, and what can be done to mitigate them.

In this eBook you will learn:

What a mobile wallet is
How fast and why mobile wallet usage is growing
How mobile wallets use tokenization
How tokenization enhances security
The risks of tokenization
What credit unions can do to combat mobile wallet fraud