>and the basic math with these companies is if fraud rate > rate loss of transaction volume from security feature then use security feature. Otherwise, don't.
I seem to recall reading a while back that the overall credit card fraud rate is at the level of single-digit basis points. Is that really true? (I can't seem to find a good link.)
I seem to recall reading a while back that the overall credit card fraud rate is at the level of single-digit basis points. Is that really true? (I can't seem to find a good link.)