Clarifying Liability for Twenty-First-Century Payment Fraud

Sandeep Dhameja, Katy Jacob and Richard D. Porter

Economic Perspectives, 2013, issue Q IV

Abstract: This article examines the governance structure of retail payments in the United States, provides an overview of payment fraud, and discusses in depth the liability frameworks for fraud involving specific payment methods. It also presents a series of recommendations that describe how the public sector might work together with the private sector to reduce fraud risks by clarifying liability for fraud.

Keywords: retail payments; payment systems (search for similar items in EconPapers)
Date: 2013
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