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Payment fraud has even increased over the last year, perhaps due to the economy. Johnson cited information from the annual 2009 Payment Fraud and Control Survey conducted by the AFP (Association for Financial Professionals). She said, "The percentage of companies experiencing payment fraud attempts rose from 55 percent in 2005 to 71 percent in 2009. Check fraud accounted for 91 percent of those attempts, down slightly from 94 percent in 2005. Check fraud accounts for 60 percent of all the financial losses resulting from payment fraud. In fact, losses from check fraud were more than all forms of payment fraud combined."
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- Companies:
- SAFEChecks
- Places:
- California
- Canoga Park
E
Elise Hacking Carr
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Elise Hacking Carr is senior production editor for Print & Promo Marketing magazine, and managing editor for PRINTING United Journal.
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