Boston, MA – March 05, 2014 – Recent data breaches at major U.S. retailers have reinvigorated the discussion of how the payments industry can improve the way stakeholders protect card data. Issuers are completely rethinking how they handle fraud incident resolution while simultaneously managing an ever-expanding array of payment channels and a long-awaited shift to the EMV standard.
These changes are having a noticeable impact on the vendors that provide financial institutions with fraud detection software. Mercator Advisory Group’s most recent report Card Fraud Detection Software: Enterprise and Transaction Solutions Converge examines how changing market dynamics are reflected in vendors’ fraud detection offerings. It reviews leading solutions from around the world and provides an assessment of the future state of U.S. issuers’ fraud detection efforts.
“Competition in the U.S. market for card fraud detection solutions is about to ramp up, comments Michael Misasi, senior analyst at Mercator Advisory Group and author of the report. “Vendors that have traditionally served international markets or that have expertise in adjacent capabilities are taking aim at the mainstay solutions in the U.S.
This report contains 22 pages and 10 exhibits.
Companies mentioned in this report include: ACI WorldWide, Alaric, CompassPlus, FICO, NICE Actimize, ReD, SAS
Members of Mercator Advisory Group’s Credit Advisory Service have access to these reports as well as the upcoming research for the year ahead, presentations, analyst access, and other membership benefits.