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April 27, 2020TSG Press

TSG in Bank Info Security: How the Pandemic Has Led to a Shift in Payment Methods

As a result of the COVID-19 crisis, consumers have changed the way they pay for goods and services. Trevor Forbes, an electronic payments expert at The Strawhecker Group consultancy, shares the results of a new survey that spotlights the latest trends. And he discusses the implications for fighting fraud.

In a video interview about the survey of small businesses, which was conducted with the Electronic Transaction Association, Forbes discusses:

  • Fraud and payment card chargebacks by industry during March 2020;
  • The growing use of contactless payments;
  • The rapid rise in telephone payment transactions and inherent fraud risks.

Watch the video interview.

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