Credit card fraud (CPC)

World-wide credit card fraud losses continue to rise at an alarming rate. Counterfeit activity resulting from cards compromised at either ATM or POS, continues to damage consumer confidence and industry revenues. Major data compromise incidents, potentially resulting in significant fraud losses and which place large numbers of accounts at risk, are becoming more common.

The Detica NetReveal^® common-point-of-compromise (CPC) solution uses a revolutionary scoring engine which adapts to the dynamic fraud environment and can assess card risk across multiple potential common purchase points and test points. Rather than operating only at authorisation level, it combines network, account and authorisation analysis to detect at–risk cards prior to their fraudulent use.

To ensure that you are able to react to new and emerging fraud, the software also enables regular and ad–hoc updates and knowledge–sharing across multiple issuers, card schemes and law enforcement agencies.

Detica NetReveal^® provides the following benefits.

• a return on investment greater than 30:1;
• understanding of the underlying common point of compromise (CPC) networks behind your fraud losses;
• identification of at–risk card groups to enable accurate preventative action before fraudsters exploit the compromised data;
• effective detection and reaction to new fraud modus operandi.

For more information please download the whitepaper on credit card fraud from the knowledge centre