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Banks loose battle on card security

It appears that the US banks are at a losing end as more thieves are using credit and debit card to steal some money.

Internationally, security is now becoming the main concern of the payment industry. It is said that for every $100 worth of credit and debit card purchases last year, 4.46 cents goes to the thieves. This is not the first that it happened since it already happens back in 2009, with an average lost of 4.71 cents. The report based on a data released by The Nilson Report, a California trade publication.