Banks are scrambling to tighten security measures as Apple’s mobile payments service experiences a growing incidence of fraud. Criminals are lifting credit card numbers and stealing identities through Apple Pay by reportedly exploiting vulnerabilities in the verification process. Some banks may make it too easy for customers to authenticate numbers when adding cards. According to one expert, fraud may account for about 6 percent of Apple Pay transactions, compare to only 0.1 percent of credit card-swiping transactions. Continue reading Apple Pay Mobile Payments Service Experiences Growth in Fraud