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Credit card fraud: What you need to know now

July 30, 2020

Payment cards make purchasing convenient not only for consumers and businesses, but for fraudsters, too. Global fraud losses from payment cards in 2018 reached $27.85 billion, according to the latest numbers from The Nilson Report, a card and mobile payments trade publication. As large as those losses are, they only amount to $10.83 for every $100 of spending by credit card users, which is actually lower than the previous year, $11.12 per $100.

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