Every time I research fraud statistics I get sick to my stomach.
Not from the amount of fraud mind you, but from the insignificance of those amounts compared to the profits generated by credit card companies! Hard numbers are difficult to nail, apparently obscured due to their obscenity. $25 trillion was projected for 2016 in worldwide eCommerce transactions, with somewhere between 2%-12% going to the bankers. That’s nearly $3 trillion in annual credit card revenues by some estimates. And we buy into it, willingly, happily even.
I smell another book on the horizon, but I promise I’m cheaper to buy than to kill!