and along the same lines, how good is the fraud prevention, detection, and recov... | Hacker News

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		hatthew 26 days ago \| parent \| context \| favorite \| on: Visa and Mastercard: The global payment duopoly (2... and along the same lines, how good is the fraud prevention, detection, and recovery?

Aspos 26 days ago [–]

US banks lose about 3x more to fraud than average and about 10x more than some countries with sane regulators. Those are direct losses, not accounting for "prevention, detection, and recovery" costs.

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