Fraud, Risk and Analytics

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  • Alternative Credit Data Is Nothing New With all the news lately around alternative credit scores, one might think the use of alternative credit data is a new concept in consumer credit metrics. Surprisingly, this is not the case. In fact, the alternative credit space was pioneered by companies like RiskWise, L2C and ID Analytics. Read more here
  • Millennials – Credit Invisibles? Millennials are the largest consumer group since the baby boomers. As they reach adulthood, what will their purchasing behavior look like in this new, ever-evolving economy? What adjustments should be made to business practices, if any, to attract these customers and take advantage of their significant buying power, predicted to reach $200 billion by 2017?Read more here 
  • Fighting Commercial Card Fraud and Bridging the Information Gap A reality of the payments world is that fraud is increasingly prevalent and so must be the efforts to combat fraud. For commercial card programs, these efforts require a strategic balance among the stakeholders: the issuers, the companies, their employee cardholders, and solution providers. While commercial card fraud may not be in the headlines as much as fraud in other segments of the market, it is still a reality with many unique nuances that require attention.Mercator Advisory Group's newest report, Fighting Commercial Card Fraud and Bridging the Information Gap, looks at the current state of commercial card activities relating to fraud and many of the opportunities for the stakeholders to build a collaborative approach to address both current and potential threats."Commercial cards have always had unique challenges to manage fraud,” comments Richard Hall, Director of Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service and author of the report. “Corporates with card programs have a variety of fraud tools to leverage, but they require strong levels of education from issuers and networks to become more comfortable using them. Fraud activities follow the money, and the complexity of commercial payments from invoice to payment requires diligence and understanding for potential weaknesses in the system.”
  • Card-Based Fraud Types in Global Payments
  • Stopping Mobile Payment Fraud
  • Stopping Mobile Payment Fraud #2
  • The Data Breach Era – Five Years of Data Insecurity The fallout from breaches during this timeframe has stimulated the industry to innovate, resulting in a paradigm shift amidst the conceptualization and implementation of payment card data security with the use of encryption and tokenization technologies on a broadening scale. For more information about this particular report, please visit Mercator's Risk, Fraud & Analytics practice here.
  • Front-End / Back-End Transactional Risk Management Processes Are Not Collaborative Today Payment card risk management today exists in silos (see figure below) that correspond to each link in the transaction flow—generally, the merchant, the acquirer, and the issuer (and its network partner). For more information about this particular report, please visit Mercator Advisory Group's Fraud, Risk & Analytics practice here.
  • Dynamic Authentication Draws on Payment and Non-Payment Sources The evolution of online authentication is remarkable. We are in the process of moving beyond user ID and password. In the back end and in the cloud, device fingerprinting and behavioral and reputational analytics are combined with the traditional id/password and payment card credentials to generate a far more detailed risk profile of each transaction. For more information about the graph from this particular report, please visit Mercator Advisory Group's Risk, Fraud and Analytics practice here.
  • U.S. Quarterly Credit Card Delinquencies and Charge-offs, and Net Employment Change, 2006–2011 At the height of the recession in the U.S., from second half 2008 through first quarter 2011, consumer credit card charge-offs were at a consistent quarterly rate above 6 percent of outstandings. For more information about this particular report, please visit Mercator's Fraud, Risk & Analytics practice here.
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