Re:Visa and Mastercard: The global payment duopoly (2024)
by hatthew on Thursday July 24, 2025 @07:54PM
(#44677787)
and along the same lines, how good is the fraud prevention, detection, and recovery?
[ Parent
| on HN ]
Re:Visa and Mastercard: The global payment duopoly (2024)
by Aspos on Thursday July 24, 2025 @10:52PM
(#44679062)
US banks lose about 3x more to fraud than average and about 10x more than some countries with sane regulators. Those are direct losses, not accounting for "prevention, detection, and recovery" costs.