PCM Issue Issuing & Acquiring -

MERCHANTS SUFFER FRAUD FATIGUE

RETAIL FRAUD CONTINUES to rise as does its cost. According to the LexisNexis True Cost of Fraud Study, fraud as a percentage of revenue has increased from 1.32 percent to 1.47 percent in 2016. Every dollar of fraud is now costing merchants around $2.40 in chargebacks, fees and merchandise replacement, up from $2.23 in 2015. [...]

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