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Credit card fraud costs banks billions across nation
New York AP reports credit card fraud losses cost banks about 200 million dollars for the year ending, topping last year’s 135 million. Leonard De Baker of the American Bankers Association urges a nationwide education drive with steps to guard cards, report losses promptly, keep a file of card numbers, ensure legible slips, and safeguard receipts and carbons to protect accounts.
MENTIONED IN THIS ARTICLE
New York
Leonard de Baker
American Bankers Association
ABA