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Responding to consumers’ increasing mobile device usage, more retailers of all sizes and types are relying on mobile purchases, with nearly 1 in 10 merchants accepting mobile payments in 2013, an increase of 50% per year since 2011. But the increase in mobile payments is also increasing the risk of fraud, especially for small merchants that might be less aware of fraud detection schemes, according to “The True Cost of Fraud” study, conducted by Lexis-Nexis and Javelin Strategy & Research.

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