CS

MasterCard Launches Anti-Fraud Tools for Issuers

March 11, 2011

MasterCard Worldwide introduced its Expert Monitoring Compromised Account recently, which will provide its issuers turnkey fraud detection and prevention capabilities. MasterCard developed the Expert Monitoring Compromised Account Service to provide issuing banks with a comprehensive, real-time view of Account Data Compromise fraud risk during authorization. MasterCard said research it conducted shows that accounts exposed to an Account Data Compromise event are nearly three times more prone to fraud than non-exposed accounts. And, according to a 2010 Javelin Strategy and Research study, cardholders who receive a new card account as a result of an Account Data Compromise event often abandon the card or use it much less frequently. Wendy Murdock, chief payment system integrity officer for MasterCard Worldwide, said: “This is the first and only solution that provides a past, present and future view of Account Data Compromise fraud—leveraging intelligence from past Account Data Compromise events to prevent fraud on exposed accounts in the present during authorization and deliver a highly predictive future indication of fraud as a result of ADC exposure.”


  • Bitcoin Gets a Voice in Washington - July 21, 2014
    Bitcoin Gets a Voice in WashingtonAt a conference in Chicago on Saturday, the first Bitcoin trade association that will employ full-time lobbyists in Washington, D.C. launched with the aim of swaying legislators and educating consumers and merchants on the digital currency.

Advertisement


  • SafetyPay Joins Alpha Payments Cloud ‘Hub’ - July 7, 2014
    SafetyPay Joins Alpha Payments Cloud ‘Hub’Alpha Payments Cloud, a Dublin, Ireland-based company that connects acquirers, merchants and technology providers in one place where they can buy and sell the payments services needed by the entire ecosystem, has added SafetyPay to its roster of providers.
  • Global Payments Partners with Bigcommerce - June 23, 2014
    Global Payments Partners with Bigcommerce Atlanta-based processor Global Payments late last week revealed it has signed an agreement with e-commerce platform Bigcommerce that will enable Global Payments merchants, particularly small retailers, to quickly get an online store up and running.
  • Restaurant Chain Latest Breach Victim - June 16, 2014
    Restaurant Chain Latest Breach VictimP.F. Chang’s Chinese Bistro, a national restaurant chain based in Scottsdale, Ariz., confirmed reports of a security breach that has resulted in the exposure of the credit- and debit-card data of many of its customers.
  • BAMS Expands into Canada - June 9, 2014
    BAMS Expands into CanadaBank of America Merchant Services last week announced the creation of a Toronto office, to be headed by David Ades, CRO at Boston-based online payments company Plastiq.
  • Groupe Casino Files for U.S. E-Commerce IPO - June 9, 2014
    Groupe Casino Files for U.S. E-Commerce IPOFrench megaretailer Groupe Casino last week filed papers for an initial public offering with the U.S. Securities and Exchange Commission that would spin off its e-commerce business—to be named Cnova and listed on the New York Stock exchange.
  • CNP Expo: Now Taking the Demo Stage - May 20, 2014

    CNP Expo Now Taking the Demo Stage… May 20, 2014 For the second year in a row, the CNP Expo invited companies from across the card not present spectrum to take the stage in our exhibit hall. We gave them

  • CNP Expo: Now Taking the Demo Stage - May 21, 2014

    CNP Expo Now Taking the Demo Stage… May 21, 2014 For the second year in a row, the CNP Expo invited companies from across the card not present spectrum to take the stage in our exhibit hall. We gave them


      CyberSource

 

 

Sign Up Today Free

Receive the twice weekly CNP Report and monthly feature articles providing in-depth examinations of global CNP issues.

Please take a moment and register.
* First Name:

* Last Name:

* Password:

* Confirm Pwd:

* Email:

* Category:

Company:

 
Captcha
Answer:

 

 

CNP Archive

Researching companies or people in the CNP industry? Search our past coverage for targeted news and information.

Search here