Chip & PIN or Contactless
Both of these reduce Fraud. In a sense!
Except they reduce it MORE for the bank than for the customer. Because Chip & PIN fraud is usueally deemed to be customer carelessness. Contactless was designed for warehouses. It should NEVER have been used for payments, it's not secure and people are being harvested with portable devices. Chip & PIN as implemented has a MASSIVE flaw as it doesn't depend on connection to bank to verify PIN and there is inadequate physical security of shop terminals. MITM attacks.
All widely documented.
Banks are also stupidly outsourcing IT when it should be a core activity.