Boston, April 2, 2015 – U.S. issuers have long relied on technology partners to help prevent, detect, and manage card fraud. The United States’ 2015 move to EMV will drive a welcome decrease in counterfeit fraud, but fraud won’t just vanish into thin air. As the organized rings behind financial fraud shift their tactics, issuers’ need for effective fraud controls will only heighten. Where can they turn for the nimble technology and analytics as well as experienced fraud personnel that these rapidly morphing fraud patterns will require?
This research, based on analysis from ongoing, in-depth Aite Group discussions with senior fraud executives at U.S. financial institutions and payment networks as well as direct interviews of fraud vendors, provides an overview of the fraud management capabilities of the leading card processors and point solution providers.
This 22-page Impact Note contains three figures and 10 tables. Clients of Aite Group’s Retail Banking & Payments service can download this report.