[tyingq]

>>No, card fraud rates are in the 5-20 basis point range (0.05%-0.2%).

Depends on the "total pool" you're drawing from, and whether you're counting money, or transactions. The 5-20 basis points fits if you include, for example, all ATM withdrawals.

You get close to the 1% claimed in the parent if you count just "online card transactions", and count revenue instead of number of transactions.