Fraud Comes to Apple Pay — blogs.wsj.com

It didn’t take long for fraud to find its way to Apple Pay . Some banks are seeing a growing incidence of fraud on Apple’s mobile-payment service as criminals exploit vulnerabilities in the verification process of adding a credit card, according to people familiar with the matter. Banks are tightening the verification process in an attempt to curb the fraud, these people said, declining to be identified citing a confidentiality agreement with Apple.

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