Source: EMARKETER Forecast, August 2022 - October 2023
Note: includes losses incurred by the merchant, consumer, and issuer for fraudulent non-CNP payment transactions occurring via credit, debit, and prepaid cards
Additional Note: Non-CNP card fraud includes which cannot be classified as CNP such as lost/stolen, counterfeit, card non-receipt or other. 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 estimates from other research firms, reported company revenues, historical trends, consumer buying trends, and macro-level economic conditions.