U.S. Federal Reserve: 2011 interchange fee revenue, covered issuer costs, and covered issuer and merchant fraud losses for debit card transactions [Report]
MLex Summary: The U.S. Federal Reserve estimated debit-card fraud losses to all parties, including merchants, cardholders, and issuers, to be $1.38 billion in 2011, with an average loss of approximately 8 basis...To view the full article, register now.
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