PCM Card Notes -

Merchant fraud-to-sales losses up on 2014

Merchants are experiencing an increase in fraud, losing 1.32 percent of revenue to fraud on average compared to 0.68 percent in 2014, according to the annual LexisNexis True Cost of Fraud Study. International and m-commerce merchants were hardest hit with losses of 1.56 and 1.68 percent respectively. Merchants saw an average of 333 fraudulent transactions [...]

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