Credit Card Risk Management Market 2020 Forecasts in New Research Report at RnRMarketResearch.com

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RnRMarketResearch.com adds “2020 Foresight Report Best Practices in Managing the Credit Risk Cycle” to its store. The report provides information and insights into best practices in managing credit risks associated with credit cards.

The convenience offered by credit cards to make payments is exploited for fraudulent activities, resulting in the loss of millions of dollars every year around the world. In order to control and limit these risks and losses, a proper risk management framework is required to be established. Over the last five years, card issuers, acquirers, merchants and network operators have adopted and implemented a host of security measures, regulations and business strategies to lower the chances of fraud and credit losses. However, they are limited by several macroeconomic, regulatory and operational challenges. The management of risk associated with credit cards requires continuous efforts from every participant of the card payment industry. However, to do so, development of a best practice framework is of utmost importance. A well developed framework facilitates a better understanding of risks and areas which require attention from the intended parties, and formulates strategies to address them.

Complete report available @ http://www.rnrmarketresearch.com/2020-foresight-report-best-practices-in-managing-the-credit-risk-cycle-market-report.html.

Although card fraud is much higher in value terms in developed economies such as the US, the UK and France, these countries have been successful in limiting the growth of fraud by adopting advanced security measures, innovative products and strict regulations. Emerging economies like China and Russia have lagged behind in introducing such measures and have therefore witnessed significant growth in card fraud.

Among the developed markets, the value of card fraud was highest in the US.

Regulations such as the single euro payment area card framework (SEPA) and anti-money laundering regulation have indirectly helped in the managing of these risks. Other measures taken by regulatory bodies which include restriction on issuance of credit cards to high risk customers, increases in age requirement, high income requirements for issuance of a credit card and a limit on the number of cards a consumer can have has also helped in managing risks.

Industry participants have adopted and implemented a host of security measures, regulations and business strategies to lower the chances of fraud and credit losses. These measures include EMV chip and PIN credit cards, anti-skimming technologies, guarantors for high risk customers, secured credit cards and charge cards, behavior analysis, high-end security for online shopping such as virtual keypads, SMS verifications and one-time passwords.

Scope

  •     This report provides a comprehensive analysis of best practices in credit card risk management with emerging trends in market practices by issuers, acquirers, network operators and merchants
  •     The report also covers regulatory developments across key regions such as Europe, North America and Asia-Pacific
  •     It provides current fraud statistics in developed and emerging markets
  •     It outlines key macroeconomic, regulatory and operational challenges in managing credit card risks
  •     It illustrates adoption and implications of best practices with the help of detailed case studies

Reasons To Buy

  •     Credit card risks result in the loss of millions of dollars every year impacting every participant of the cards and payments industry
  •     Gain insight into various risks resulting from macroeconomic developments, customer protection laws and operational difficulties
  •     Understand the emerging trends in managing risk and limiting exposure to credit loss
  •     Assess the regulatory landscape in key regions around the globe
  •     Gain insight into the development of an effective risk management framework

Purchase a copy of this report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=92317.

Browse more reports on Credit Card Market @ http://www.rnrmarketresearch.com/reports/business-financial-services/financial-services/credit-card.

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RnRMarketResearch.com is an online database of market research reports offer in-depth analysis of over 5000 market segments. The library has syndicated reports by leading market research publishers across the globe and also offer customized market research reports for multiple industries.

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Priyank Tiwari
@rnrmarket
since: 09/2012
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