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New weapon to fight credit card fraud at the gas station

from TODAY

Criminals who steal credit or debit cards or make counterfeit ones with stolen account numbers need somewhere to use them without getting caught. At self-serve gas stations, pay-at-the-pump terminals are the perfect place because there's no clerk involved who might spot the fraudulent transaction. Conexxus, a technology organization that represents convenience stores and gas stations, estimates that the industry lost at least $250 million to credit and debit card fraud last year — losses that get passed on to customers in the form of higher prices. more

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