Return fraud is in the news again. $3.7 billion this holiday season, according to a recent report. I talk about it because I believe that payment networks are ideally positioned to help retailers address this huge problem. Why should the networks do this?
To help justify their interchange fees, of course.
See the full blog post here:
http://aneace.blogspot.com/2007/11/justifying-interchange-fees-by-helping.html