One thought on “Retailers to lose $71 billion in card-not-present fraud over the next five years

  1. Of course, the easy way to deal with this is for merchants not to accept credit cards but to use proxies like PayPal, Visa Checkout, Masterpass, or AmEx Express Checkout. These proxies not only improve the user convenience but transfer the risk of fraud from the merchant to the proxy operator. Of course, the fees for these, while still competitive, are slightly higher than those for cards. Think of it as fraud protection insurance.

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