Debit Fraud Costs Surge

Sausner, Rebecca
September 2006
Bank Technology News;Sep2006, Vol. 19 Issue 9, p1
Trade Publication
The article reports on the accounting fraud happening in the bank-card industry in the U.S. In the study conducted by the Tower Group, the corrupt practices has offered a total economic losses to $700,000 which is a result of fraud on debit cards. This situation has troubled financial institutions, especially on transactions using automated teller machines.


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