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

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