The New Federal Reserve Rule Will Enrich Banks for Not Preventing Fraud ... - MarketW

[FraudNews]

table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFa9WkFTAq8xUBh5kCVWK pf7cdh1gamp;url=http://www.marketwatch.com/story/the-new-federal-reserve-rule-will-enrich-banks-for-not-preventing-fraud-says-the-merchants-payments-coalition-2012-07-27bThe New Federal Reserve Rule Will Enrich Banks for Not Preventing bFraud/b b.../b/b/abr /font size=-1bfont color=#6f6f6fMarketWatch (press release)/font/b/fontbr /font size=-1Although the Fed found that merchants bear 41 percent of signature debit bfraud/b losses and 74 percent of such losses for quot;card-not-presentquot; transactions, its rules now require them to pay fees that cover 100 percent of bfraud/b-prevention costs incurred by b.../b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.co.za/news/more?pz=1amp;ned=en_zaamp;ncl=dnR0mCmvH1IkE2Mnobrb and morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

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