Who really takes the hit when fraud happens?

“More often than not it’s the merchant that ends up paying for fraud losses,” says Brian Krebs, a former Washington Post reporter, who now works as an independent investigative journalist and runs the blog, Krebs on Security. “The bank will eat the fraud in limited cases if it can be shown that it wasn’t the merchant’s fault. However, that’s hard to do.”

Read more: http://www.creditcardguide.com/creditcards/credit-cards-general/hidden-costs-credit-card-fraud-1365/#ixzz1WYsGdcNx