Premium
Value of payment card fraud losses in the United States from 2012 to 2018, by type (in billion U.S. dollars)

Exclusive Premium statistic

Get a Premium Account for unrestrained access.
Benefits of our Premium membership:

  • Access to all Premium statistics
  • Download as XLS, PNG and PDF
  • Detailed source and background information
Premium Account
$49 per month*
(billed annually)
*Single license
Loading statistic...
CNP**CounterfeitLost/stolen
----
----
----
----
----
----
----
Complete Source Details
Tableau Software
About This Statistic

The statistic presents the value of payment card fraud losses in the United States from 2012 to 2014 and a forecast thereof for 2018, by type. It was found that payment card losses due to counterfeit amounted to three billion U.S. dollars in 2014 and they were projected to decrease to 1.8 billion U.S. dollars in 2018.


Payment card fraud losses – additional information

While the total value that is paid for credit card fraud is projected to continue increasing, recent improvements to protect against credit card counterfeit fraud have been made. Counterfeit fraud refers to fraud which is based on stealing credit card numbers which can occur by hacking a credit card terminal and then making a copy of the victims’ card. In order to protect against this, new EMV technology is being implemented.

EMV stands for “Europay, MasterCard, and Visa” - these are the companies which developed the technology. This chip technology creates a new number for every transaction that is made whereas the traditional swipe stripe is only associated with one number. Because of this, counterfeit fraud is expected to decrease from a high of 3.6 billion U.S. dollars in 2015 to a low of around 1.8 billion U.S. dollars in 2018.

According to the survey carried out in May 2014, credit card executives have overwhelming confidence in EMV technology and by 2018 it is expected that 100% of credit cards will have adopted the technology – well beyond the original three companies who established it.

The penetration of EMV compatible terminals only amounted to 14 percent in 2013, but it was projected that EMV card payment terminals would constitute 87 percent of payment terminals in the U.S. in 2017. It seems that stores would be wise to jump on implementation, because if a retailer does not accept EMV payments, they may be responsible for the costs of counterfeit fraud if it happens from one of their terminals.

Show more…
Special Functions
Download as ...
Graphic (PNG)
Excel (XLS)
PowerPoint (PPT)
PDF
Options
Settings
Print
Research Alerts
Download started
Please be patient - this may take a moment

Statista Accounts: Access All Statistics. Starting from $588 / Year

Statistics on "Credit cards in the United States"

The most important statistics
The most important statistics

Related Studies: Available to Download in PDF or PPTX Format

Credit cards in the United States

All Information
in one Presentation

Credit cards in the United States

Everything On "Credit cards in the United States" in One Document: Edited and Divided into Handy Chapters. Including Detailed References.

Statista for Your Company: The Research and Analysis Tool

  • Product Film
  • Statistics
  • Downloads

Our Premium Statistics - facts for your business

Currently, Statista provides more than 1 million statistics. 93 percent (all Premium content) are exclusively accessible via our professional accounts.

Unlimited access

As a Statista Premium customer, you receive unlimited access to all statistics at all times. Including downloads of data in the most common formats (XLS, PDF & PNG). Create relevant and significant statistics in no time.

You are in good company

Further Content: Statistics, Studies, and Topic Pages

Our Business Solutions: Save Time and Money

only

$588*

per year
Your advantages
  • Full access to all our statistics
  • Download as XLS, PDF & PNG
  • Relevant data: complete source information
All functions of our platform illustrated face-to-face
  • Learn how Statista supports your company
  • Extensive tour across the whole portal
  • Personal guidance by our support team
The knowledge database for your company
  • All functions of the Premium Account
  • Access to dossiers, forecasts and studies
  • Access to our international database
  • Publishing rights and other exclusive functions