declined for susceptibl e fraud?
01-10-2013 10:56 AM
chan85: little off-topic, but found this figure for the UK, do you have an equivalent US figure (couldn't find it!)
Card fraud losses as a proportion of the amount we spent on our cards decreases – from 0.066% during January to June 2011 to 0.063% during the first half of this year
According to The UK Cards Association, total fraud losses on UK cards totalled £185.0 million between January and June 2012. This is a 9 per cent increase on losses in the first half of last year (£169.8 million), but represents a fall of 39% from the total of £304.2 million in the first half of 2008 when fraud was at its peak.
Figures suggest fraudsters bypassing security safeguards by duping consumers into handing over their own details
So, you have all the tech, but if a customer can be fooled......!