Author: UniBul
Credit and debit card fraud in the U.K. fell by 17% in 2010 for a second year in a row to ?ú365.4M ($591.7M) - its lowest level in a decade....
The overall volume of credit card debt in January decreased by 6.4%, or $4.2B, bringing the total down to $795.5B, the lowest level in six years....
If you develop a solid e-commerce risk management strategy and continuously work on improving it, you will minimize fraud and reduce chargebacks....
Visa and MasterCard consider chargeback levels to be excessive if in two consecutive months the merchant has a minimum chargeback ratio of 1%....
The final three stages of the credit card transaction process are the submission, clearing and settlement of the payment....