Briefing

The Benefits of Collecting and Reporting Payment Fraud Statistics for the United States

Abstract: This article argues that publication of fraud statistics helps the payment industry to coordinate security efforts, provides useful information for policymakers, and helps to promote consumer confidence in payments. However, while other countries regularly publish such statistics, it is an open question whether they will become available in the United States.

Keywords: Payment Systems; Payment Fraud; Fraud Statistics;

JEL Classification: E42;

Bibliographic Information

Provider: Federal Reserve Bank of Kansas City

Part of Series: Payments System Research Briefing

Publication Date: 2009

Issue: October

Pages: 1-5