Statistics On Fraudulent Off-Line Debit Card Transactions
Answer by Michael Guard, BOL Guru BIO AND CONTACT INFO
QUESTION: I'm trying to find an industry standard on the percentage of off-line debit card transactions that are fraudulant to gross sales.
ANSWER: I know these statistics are collected and published but I had problems finding them for the US. Here is a quote from an article which can be found at: http://www.cba.ca/eng/Statistics/FastFacts/credit_card_fraud.htm
Note that these figures are Canadian credit card losses though.
"Although, associated credit card fraud had been steadily increasing since 1990, we are pleased to report that the last two quarters of credit card statistics indicate a significant decrease in the total dollar losses associated with credit card fraud. The dollar loss figures have gone down from nearly $227 million reported at the end of 1999 to approximately $203 million for the 12 month period ending June 30, 2000."
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