Founded in 2008, the Retail Payments Risk Forum is housed at the Federal Reserve Bank of Atlanta. The forum is designed to bring together expertise residing within the Federal Reserve, financial institutions, other industry participants, regulators, and law enforcement. The forum facilitates collaboration among these diverse parties, all of whom share common interests in improved detection and mitigation of emerging risks and fraud in retail payments systems. The forum accomplishes this by providing resources to research issues and sponsor dialogue.
Like the United States, the Netherlands had low fraud with their magnetic-stripe cards. But when fraud climbed, the Dutch industry adopted chip-and-PIN. Will the United States? Portals and Rails sums up a working paper describing successes and failures of countries adopting chip-and-PIN.
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Portals and Rails looks at all the data to find that PIN authentication is more effective than signature authentication in preventing payment card fraud. But given recent statements from industry participants, it remains unclear whether PIN authentication will become the standard in the United States.
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Archive :
| Dec. 15 | How Risky? The Elements of Managing Retail Payments Risk (Payments Spotlight) |
| Nov. 16 | The Future of Mobile Payments (Payments Spotlight) |
| Sept. 15 | Beyond the Password: New Developments in Cyberspace Security (Payments Spotlight) |
| June 21 | Data Breaches and Risk Management in Emerging Payments (Payments Spotlight) |
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A blog encouraging dialogue on emerging retail payment system risks and efforts to improve risk detection and mitigation
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