A survey from the Aite Group and ACI Worldwide showed that 42 percent of US cardholders have experienced card fraud, compared with 27 percent of cardholders globally.

The United States, indeed, lags behind the rest of the world in card payment security as the two largest card networks control and set payment security standards without the expertise of others, including competing card networks, merchants, consumers and financial institutions, according to a newly formed coalition of retail and payment industry leaders

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Source: Petrol Plaza