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The growth rate in retail fraud appears to have surpassed the growth rate in e-commerce transactions over the 2016 holiday season, according to a new survey by Naples, Fla.-based electronic payments provider ACI Worldwide.

The data, which was based on hundreds of millions of transactions from global merchants, revealed that fraud attempts grew by 31% in the period between Thanksgiving and Dec. 31 for the 2016 holiday shopping season versus the same period in 2015. The number of e-commerce transactions grew by 16% during that time, the study said. 

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Tina Orem


Credit Union Times

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