Merchants Spending $3.13 for Every Dollar of Fraud in 2019: Survey

Balancing identity verification with fraud detection without irritating customers has become extremely difficult.

By Tina Orem | September 30, 2019 at 01:49 PM

A dollar of retail fraud now costs merchants about $3.13 to deal with on average, and increases in mobile commerce and international transactions are largely to blame, according to new data from LexisNexis Risk Solutions.

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1 Virginia CU Goes Federal, Joining 14 Other Charter-Switching CUs

2 Credit Union's Internal Investigation Leads to Employee Grand Theft Charge

3 Man Pleads Guilty in Credit Union Fraud Ring Conspiracy

4 Boomers Are Not Enough: How to Attract Younger Consumers

5 CU Loses Nearly $300,000 in Four Hours With ATM Skimming Device

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CU on a Mission to Make Housing Affordable

By Michael Ogden | July 26, 2024

Leadership at Great Basin FCU is involved in a new initiative to make housing affordable for members in Nevada.

CU on a Mission to Make Housing Affordable

Bank Shareholders Approve Proposed Acquisition by Global Credit Union

By Peter Strozniak | July 26, 2024

Although Washington state regulators gave the deal a green light, decisions from the NCUA and FDIC are pending.

Bank Shareholders Approve Proposed Acquisition by Global Credit Union

Space Coast Sells $669 Million in Auto Securities

By Jim DuPlessis | July 26, 2024

The Florida CU is the fourth-largest holder of indirect car loans, the type sold in a deal that closed Wednesday.

Space Coast Sells $669 Million in Auto Securities

Embracing a Modern Tech Stack and Architecture for Seamless Payment Experiences, Increased Efficiencies and Lower Operating Costs link

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