Fraud rates on online transactions seen up during holidays: study

As retailers and consumers prepare for the holiday shopping season, attempts by criminals to steal payment card information to commit fraud online are likely to rise, according to new research by ACI Worldwide. The move by U.S. merchants and card issuers to switch to more secure chip cards for in-store purchases this year is likely to increase fraudulent attempts on transactions online. The ACI research showed fraud rates by volume for transactions that don't involve physically swiping a card ha