Total transactions at payment card networks grew 6.8% from 2014 to 2015, but the estimated losses due to fraud soared over previous estimates, the Federal Reserve Board reported Wednesday.
Payment card networks process 60.6 billion debit and general-use prepaid card transactions in 2015, the Fed said. The total value of those transactions reached $2.31 trillion in 2015.
The 6.8% growth was similar to growth over the previous three years.
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