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Credit Card Industry Challenged as Fraud Rises Significantly at EMV-capable Merchants

by Avivah Litan | March 14, 2016 | Submit a Comment In a little noticed but highly significant event, two small Florida merchants are lead plaintiffs in a potential class action suing the financial services industry for conspiring to get the merchants to eat more fraud. The merchants point out that their fraud rates and charges have risen more than twenty times since the October 2015 EMV …