Fees, Fraud, and Regulation: Forces of Change in the Payment Card Industry. By Fumiko Hayashi, Senior Economist, and Richard J. Sullivan, Senior Economist, Federal Reserve Bank of Kansas City April 2013.

This Payment System Research Briefing from the Federal Reserve Bank of Kansas City assesses the affect of computer-chip cards (EMV) on fraud rates and different types of fraud, and the impact of federal regulation of debit card interchange rates on market competition. 

Fees, Fraud, and Regulation: Forces of Change in the Payment Card Industry. By Fumiko Hayashi, Senior Economist, and Richard J. Sullivan, Senior Economist, Federal Reserve Bank of Kansas City April 2013.