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Card Fraud Detection Software: Enterprise and Transaction Solutions Converge

  • ID: 2770907
  • Report
  • Region: United States
  • 22 Pages
  • Mercator Advisory Group
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FEATURED COMPANIES

  • ACI WorldWide
  • Alaric
  • CompassPlus
  • FICO
  • NICE Actimize
  • ReD
  • MORE
Recent data breaches at major US 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. This report 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 US issuers’ fraud detection efforts.

“Competition in the US market for card fraud detection solutions is about to ramp up, comments Michael Misasi, senior analyst 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 US.

Highlights of the report include:

- Overviews of 7 leading vendors of fraud detection software solutions and their products

- Most recent estimates for total credit US card fraud

- An analysis of how EMV changes the way issuers need to approach transaction scoring

- A prognosis for best-of-breed solutions in a market that is moving toward enterprise-level fraud management

- An outlook for how the payments industry can move forward from the recent data breaches at major US retailers
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ACI WorldWide
  • Alaric
  • CompassPlus
  • FICO
  • NICE Actimize
  • ReD
  • MORE
Executive Summary

Introduction

Card Fraud in the United States

Solution Vendors
ACI: Proactive Risk Manager (PRM)
NICE Actimize
Alaric: Fractals
CompassPlus: TranzWare Fraud Analyzer
FICO: Falcon
ReD: PRISM
SAS: SAS Fraud Management

Importance of Resellers

Fraud Detection Meets Customer-centricity
Card-Reissuing Best Practices

The Changing US Landscape
The Many Forms of Enterprise Security
EMV

Moving On from the Target Data Breach
A Zero ($0) Liability Debate
Saying Goodbye to Signature Transactions
For more information about this report, please contact:

Figures

Figure 1: Issuers Have Contained Fraud Losses to Acceptable Levels
Figure 2: ACI Proactive Risk Manager
Figure 3: Actimize Fraud Solutions
Figure 4: Alaric Fractals
Figure 5: TranzWare Fraud Analyzer
Figure 6: FICO Falcon
Figure 7: Staff Resources Limit Fraud Prevention
Figure 8: Many Small Issuers Are Still in Need of Pattern-Matching Software
Figure 9: Cardholders’ Use of Mobile Alerts
Figure 10: The Fraud Problem Is Greater than Just Issuer Losses
Note: Product cover images may vary from those shown
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- ACI WorldWide
- Alaric
- CompassPlus
- FICO
- NICE Actimize
- ReD
- SAS
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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