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HomeBusinessMastercard: Launches Anti-Fraud Measures At Gas Pumps

Mastercard: Launches Anti-Fraud Measures At Gas Pumps

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Mastercard: Launches Anti-Fraud Measures At Gas Pumps

  • Mastercard has announced a series of consumer protections aimed at protecting customers and merchants from fraud at fuel stations
  • The New York payment network giant said fraud was up 17 percent at gas pumps through the end of last year through its Europay
  • The enhanced consumer protection program designed to provide merchants and banks with tools to help them navigate the heightened risk of fraud
  • Many fuel companies have made the shift to a safer and more secure EMV environment
  • Then the company was not specific about the measures
  • Between the end of 2015 and last year’s fourth quarter, merchants that have upgraded to EMV have decreased theft by 88 percent, Mastercard said

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