Changes in U.S. Payments Fraud 2012-2016:
Evidence from the Federal Reserve Payments Study
An overview of the impact of fraud on the payments industry in recent years
An efficient, effective, and safe U.S. and global payment and settlement system is vital to the U.S. economy, and the Federal Reserve plays an important role in helping maintain that system's integrity. The Federal Reserve Payments Study provides the payments industry, financial institutions, policy makers and, more broadly, the public unbiased quantitative data that can inform prevention and detection of payments fraud.
Nancy Donahue, Retail Payments Project Manager