PCM Card Notes -

Growth in card fraud outstrips sales growth

Fraud losses are at record levels worldwide. Card fraud worldwide grew 19 percent last year compared to card sales which grew only 15 percent, according to figures released by the Nilson Report. Global card fraud losses topped $16.3 billion in 2014 against global sales of $28.8 trillion. Fraudulent sales accounted for 5.65 cents in every [...]

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