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MasterCard adds fraud tools
PURCHASE, N.Y. (12/14/10)--MasterCard announced it is adding real-time fraud scoring and compromised account services to its existing suite of fraud-detection services. The real-time fraud scoring provides issuers with a predictive fraud score during authorization that indicates the likelihood that a transaction is fraudulent. The compromised account service provides issuers fraud prediction for accounts that have been subjected to a data compromise event and may be more prone to fraud. As a result, MasterCard said issuers can more effectively assess the threat of fraud on compromised accounts to reduce their fraud losses and lower their re-issuance costs. The fraud scoring technology is available in the U.S., Canada, South America, United Kingdom, Ireland, the Netherlands, Italy, Germany and Eastern Europe. This service will be introduced in all European markets early in 2011 and other markets worldwide throughout 2011. The compromised-account service is available to issuers globally in every market.


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