TITLE

Study: Debit Fraud Rates Rose Sharply Last Year

AUTHOR(S)
Bell, Stephanie
PUB. DATE
May 2010
SOURCE
American Banker;5/21/2010, Vol. 175 Issue F319, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that fraud rates for debit cards have increased for the year 2009. The 2010 Debit Issuer Study by the Pulse electronic funds transfer network has found that the total fraud loss rate for signature debt was seven-and-a-half points in 2009. Other topics covered in the survey include changes to the Electronic Funds Transfer Act, fewer approved transactions, and less-profitable debit card programs.
ACCESSION #
50696637

 

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