Source: EMARKETER Forecast, August 2022 - June 2024
Note: includes losses incurred by the consumer for fraudulent remote payment transactions occurring via debit and prepaid cards; card-not-present transactions include internet, telephone and mail-order transactions
Additional Note: CNP fraud includes fraud in which stolen card details are used to purchase online. Payments fraud is a cleared and settled transaction that a third party initiated without the authorization, agreement, or voluntary assistance of the authorized user (the account holder or cardholder) with the intent to deceive for personal gain. Third-party payments fraud generally takes advantage of a vulnerability or security failure in a payment type, initiation method, or system.
Methodology: Estimates are based on the analysis of data from the US Department of Commerce and the Federal Reserve, estimates from other research firms, reported company revenues, historical trends, issuer buying trends, and macro-level economic conditions.