Square&#x27;s fraud loss from their prospectus is 0.1%, which compares favorably to industry based on this Economist article: <a href="http:&#x2F;&#x2F;www.economist.com&#x2F;node&#x2F;21554743" rel="nofollow">http:&#x2F;&#x2F;www.economist.com&#x2F;node&#x2F;21554743</a>