Competition in the U.S. market for card fraud detection solutions is about to ramp up. 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.
Boston, MA (PRWEB) 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."
Highlights of the report include:
- Overviews of 7 leading vendors of fraud detection software solutions and their products
- Mercator Advisory Group’s most recent estimates for total credit U.S. 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 U.S. retailers.
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.
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About Mercator Advisory Group
Mercator Advisory Group is the leading independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.