With the US accounting for one-third of global payment fraud losses, many issuers invest heavily in technology to combat rising fraud. However, an individual-issuer approach is not only inefficient, but also ineffective in combating this large-scale problem.
In this paper, you will learn about the evolving growth of credit fraud and how cross-issuer datasets use comprehensive credit and debit transactional data to effectively identify losses.
This document covers:
- The current global fraud climate
- The impact of fraud in US charge-offs
- Credit-card abuse based on account tenure, consumer age, and location
- Cross-issuer dataset effectiveness