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The Social Cost of Fraud

Abstract: Conventional wisdom in the card payments space is that fraud hurts us all -- banks, processors, merchants, and consumers. This virtual axiom is often invoked by pundits and experts in the immediate aftermath of card data breaches, such as the recent one at Global Payments, Inc. More rarely encountered is a deep discussion of the long-term impact of data breaches and the social costs of the resulting card fraud.

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About Mercator Advisory Group
Mercator Advisory Group is the leading, independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.


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