I want to calculate how much money the bank would lose when a fraud occurs with each of these vendors. Here is the dataset. I am struggling and will greatly appreciate any help.
Vendors Cost per card Reissue Cost Fraud incident cost (per incident) Fraud rate per 1000 transactions
Helcim $0.0014 $20 $350.00 0.4
PayPal $0.0251 $25 $150.00 0.5
National $0.0145 $22 $320.00 0.3
Square $0.0363 $30 $120.00 0.4
Stripe $0.0251 $25 $220.00 0.1

MENU