A restaurant owner has experienced significant financial losses due to tap-to-pay fraud. The owner, Leighton Dickson, reports that his business has dealt with 30 to 45 chargebacks since opening in May, resulting in losses of over $5,000.

The issue arises when customers use someone else's debit or credit card loaded onto their phone to make purchases, and then dispute the charges. Dickson has partnered with his point-of-sale system to investigate the problem.

Further details about the issue and how to protect against similar fraud are available from the source, including information on the patterns of fraudulent activity that have been uncovered.