FMI Report Details Cost of Debit Fraud Prevention

ARLINGTON, Va. — Food Marketing Institute here on Tuesday issued a report indicating that food retailers pay a disproportionate amount of money for debit-card fraud protection relative to the actual rate of debit-card fraud in their stores.

The report, “Debit Card Fraud and the Impact of Regulations on the Grocery Industry,” noted that signature-debit transactions account for 85% of the fraud losses on debit cards each year, compared to the mor

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