Mobile wallets enable cross‑border fraud

Scam rings phish card details via mass texts, load the stolen numbers into Apple or Google Wallets overseas, then share those wallets to U.S. mules who tap to buy goods. DHS estimates these networks cleared more than $1 billion in three years, showing how platform features can be repurposed for organized crime. — It reframes payment‑platform design and telecom policy as crime‑prevention levers, pressing for wallet controls, issuer geofencing, and enforcement that targets the cross‑border pipeline.