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Democratic Progressive Party lawmakers yesterday called for enhanced anti-fraud measures for banks and apps to protect consumers from phishing attacks. They made the remarks at a news conference calling for amendment to the Regulations Governing the Standards for Information System and Security Management of Electronic Payment Institutions (電子支付機構資訊系統標準及安全控管作業基準辦法) at the Legislative Yuan in Taipei. A woman surnamed Wang (王) told reporters that she lost NT$190,000 (US$6,436) after giving away her credit card information to buy farm-to-table fruit. Eight fraudulent purchases were made within two hours with her card on a payment app, she added. Other victims of the scheme have been identified after ....
In the first three quarters of last year, payments via mobile tools accounted for one-fifth of all payments made with a credit card in Taiwan, up from 15.5 percent in 2020, as more merchants and consumers embraced the contactless method, data released early last month by the National Credit Card Center (NCCC) showed. While the ratio of payments via mobile tools to total credit card payments in the January-to-September period rose from 4.9 percent in 2020 to 7.8 percent last year, the percentage remained low, as people used mobile payment tools for minor purchases, the NCCC data showed. Of the two kinds ....