Severity of fraud falling across Europe

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European card fraud data collected by the US analytics specialist Fico and data provider Euromonitor shows the impact of improved anti-fraud technology – but the figures show as much displacement as overall reduction, the firm warns. Severity of fraud – the total losses to fraud expressed as a fraction of the total volume of card payments – has fallen in most countries in western Europe over the past six years, as magstrip plus signature was replaced by

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