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$1.24 billion. According to the Nilson Report, that’s how much Visa,
MasterCard, American Express, and Discover lost due to credit card
fraud in 2006 alone.
What does that mean for your merchants’ businesses? Well, when you
consider that the $1.24 billion really equals 6.75¢ lost on every
$100 in credit card volume, it becomes clear just how much they
stand to lose.
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