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of credit cards - PowerTech

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• Banks are currently seeking class action<br />

status for a lawsuit to recover costs <strong>of</strong><br />

fraud and re-issuing <strong>credit</strong> <strong>cards</strong>.<br />

• In a court filing, fraud related charges for<br />

Visa alone range from $68M to $83M.<br />

• Visa has fraud reports in 13 countries.<br />

ecurosis.com<br />

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