New Data on Card-Present and Card-Not-Present Fraud Rates in the United States¶
Hayashi, F. (2025). New Data on Card-Present and Card-Not-Present Fraud Rates in the United States. Payments System Research Briefing.
Cited by¶
1 citation across 1 artifact.
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Primes¶
- False Positive Paradox
- A bank deploys a fraud-detection classifier on card transactions where genuine fraud is roughly 1 in 10,000.
This sourceReports U.S. card fraud rates of roughly 5-42 basis points by channel and network, documenting that genuine fraud is a small fraction of transactions and that false positives carry real customer cost, supporting the fraud-detection PPV-collapse example.
- A bank deploys a fraud-detection classifier on card transactions where genuine fraud is roughly 1 in 10,000.
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