Patent ID: 8266021

Claim:
A system for providing reference cost of fraud data related to financial presentation devices that are presentable to providers of goods or services, the system comprising: a processor; a fraud assessment module executable by the processor and providing a commonly defined set of input requirements for a plurality of business entities, the fraud assessment module configured to: receive, from the plurality of business entities, sales data related to a plurality of financial presentation devices and operating cost data related to fraud associated with the plurality of financial presentation devices, the received data conforming to the commonly defined set of input requirements; and determine, based on the received data, the reference cost of fraud data, the reference cost of fraud data including a direct fraud loss, a fraud operating cost, and an opportunity cost representing lost revenue that would otherwise be generated by use of the financial presentation devices to conduct transactions in the absence of fraud, the determined reference cost of fraud data being accessible by the plurality of business entities for use as benchmark data.