The efficiency and integrity of payment card systems: industry views on the risks posed by data breaches
AbstractTo examine the adequacy of existing efforts to prevent, manage, and mitigate data breaches and other fraud in card-based payment systems, the authors conducted 17 interviews of various payment industry participants in 2009. This article documents the insights gained from the interviews, which consider the need for greater cooperation, sharing of relevant information, and innovation to stay ahead of the criminals that perpetrate payment card fraud with increasingly sophisticated methods.
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Bibliographic InfoArticle provided by Federal Reserve Bank of Chicago in its journal Economic Perspectives.
Volume (Year): (2012)
Issue (Month): Q IV ()
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Other versions of this item:
- Julia S. Cheney & Robert M. Hunt & Katy Jacob & Richard D. Porter & Bruce J. Summers, 2012. "The efficiency and integrity of payment card systems: industry views on the risks posed by data breaches," Payment Cards Center Discussion Paper 12-04, Federal Reserve Bank of Philadelphia.
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