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U.S. Card Fraud

28 September 2011 by Oracle

Card fraud costs the U.S. card payments industry an estimated US$8.6 billion per year. Although just 0.4% of the US$2.1 trillion in U.S. card volume per year, this number remains a troubling area for the industry due to the volatile nature of fraud -- clamp down on fraud in one area, and it will inevitably pop up in a less protected area.

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