Credit card fraud is the most common form of identity theft, according to the FTC. Nearly 450,000 cases of credit card fraud were reported to the FTC in 2024, and 416,579 cases were reported in 2023.
The U.S. payment landscape has been built on card networks designed in the 1980s and 1990s. They’ve served the market well, but their underlying architecture reflects a world that moved at a much ...