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Global Credit, Debit, And Prepaid Card Fraud Losses Up 14.6% Over The Prior Year.

Tuesday, August 20, 2013 - 6:40 AM
In a press release, The Nilson Report announced findings that "issuers, merchants, and acquirers of credit, debit, and prepaid general purpose and private label payment cards worldwide experienced gross fraud losses of $11.27 billion in 2012, up 14.6% over the prior year. Of that $11.27 billion, card issuers lost 63% and merchants and acquirers lost the other 37%." This amounts to a fraud loss rate of 5.22 basis points on total payment card volume of $21.604 trillion in 2012 - up from 5.07 basis points in 2011.
ShorebreakShorebreak2,675 posts since
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