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No they aren't. Fraudulent card not present transactions are fully on the backs of merchants. The networks and banks don't lose a dime of them. In fact, they ma
by nulbyte 1y ago
No they aren't. Fraudulent card not present transactions are fully on the backs of merchants. The networks and banks don't lose a dime of them. In fact, they make more money now, charging additional fees when disputes are filed, and additional fees when they are challenged.