Fraud losses on U.S. credit and debit cards, after years of decline, now appear to be on the rise again. And one key culprit, according to experts, is this country's slow adoption of technology that will improve security.

Last week, Discover Financial Services disclosed in its annual report that its fraud losses in fiscal year 2012 totaled $93 million – or 70% higher than they were two years earlier, even after adjusting for rising transaction volumes.

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