Today's panel on fraud containment has been asked to identify the most common forms of retail payments fraud; the most effective fraud reduction tools, especially those pertaining to real-time payments; and approaches that payment providers and merchants take to balance fraud risk and consumer...

To 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...

Consumer confidence in payment card systems has been built up over many decades. Cardholders expect to use their cards to execute payment instructions in a reliable and timely manner. Data breaches that degrade the perceived safety and reliability of payment cards may weaken consumer confidence...