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CNP transactions

Growth in European Card Fraud Fueled by Card-Not-Present Transactions

According to the latest FICO report, card fraud in Europe only grew by 6% in 2014. A majority of this increase was due to cross-border fraud, with domestic losses remaining relatively flat. While this number shows promise for the continent’s card protection programs, it does not emphasize the severity of card-not-present (CNP) fraud. 70% of fraud