Banks profit six times their costs as merchants absorb 50% of debit fraud: Federal Reserve data shows banks earning $0.24 on $0.041 costs while merchants absorbed 49.9% of debit card fraud in 2023, up from 38.3% in 2011, as industry resists fee updates. https://ppc.land/banks-profit-six-times-their-costs-as-merchants-absorb-50-of-debit-fraud/ #Banking #FraudPrevention #DebitCard #FinancialLiteracy #MerchantServices


