I don’t know where they come up with that number, but it’s way, way off. Figure more like 20-50% IMHO. How many people buy goods only to resell them for cash? How many people sell their card to someone else for cash?
” How many people buy goods only to resell them for cash? “
Family puts one adult on food stamps and uses that to stock the ‘family store’!
I’m Impressed
expected something more like not a smidgen of fraud.
Want to make the fraud rate 1.3 percent? Only include those you catch in the act of fraud, and don't look for it.