PYMNTS
JANUARY 25, 2018
The rule, initially passed, also modified requirements for the prepaid card industry in regards to official procedure on lost or stolen cards, error resolution and investigation, fee disclosures, access to account information and overdraft features, if offered in conjunction with prepaid accounts.
FICO
MARCH 9, 2020
In April 2019 The Wall Street Journal reported , “The total amount loaded on general-use prepaid cards in the U.S. In 2019, we released our first consortium prepaid card fraud models for the US market, as well as the international market. For a while now, it seems that every drugstore in the U.S. Our timing was right on.
Stax
NOVEMBER 11, 2024
A recent study by the Better Business Bureau states that fraud and identity theft rose by 45% from 2019 to 2020. The same study indicates a 72% increase in account takeover since 2019. Regulation E also provides consumers with dispute and error resolution rights.
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