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Merchant fraud-to-sales losses up on 2014

Merchants are experiencing an increase in fraud, losing 1.32% of revenue to fraud on average compared to 0.68% 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% respectively. Merchants saw an average of 333 fraudulent transactions per month, up [...]

The post Merchant fraud-to-sales losses up on 2014 appeared first on Payments Cards & Mobile.

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