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Some banks change Apple Pay process after fraud
Published Fri, Mar 6, 2015 · 09:50 PM
Portland
SOME banks have begun to make changes in how they activate customers' credit-card accounts to use Apple Inc's new mobile-payment system after reports of fraudulent transactions, according to industry consultants.
The effort is an attempt to thwart criminals who have been typing stolen credit-card numbers into Apple Pay and trying to make purchases with their iPhones.
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