Telecom .IT: Survey: Attempted online payment fraud down to 0.19 pct of overall transactions in 2012

The PayU anti-fraud system protected the online shops from over 750,000 euros in losses in 2012, with the proportion of the attempted online payment fraud accounting for 0.19 percent of the overall transactions, down from 0.24 percent in 2011, show the figures of a recent survey conducted by PayU released on Thursday. At the same time, however, the total value associated with the ...

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