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Steve Sievert

Debit Card Fraud Dropped 28% in 2016

Debit card fraud losses dropped 28% in 2016 after the industry’s October 2015 transition to smartchips, according to PULSE’s just-released 2017 Debit Issuer Study. PULSE, one of the largest debit card networks in America, studied the changes in the payment cards industry since the U.S. transitioned from magnetic strip cards to smartchip cards. The study found

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