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Fraud Risk Analysis
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Debit card use has experienced enormous growth over the last decade. In 2006, debit purchases exceeded overall credit card purchases. At the same time, the debit industry is showing signs of maturity as growth rates are slowing and account penetration rates approach the 90th percentile. Fraud rates and data security breaches have also risen as fraudsters have become increasingly sophisticated in acquiring, warehousing, selling and using stolen data. Debit card issuers must begin to use their data more effectively to gain the upper hand in managing fraud and mining business intelligence.
At Analytic Innovations, we leverage our vast experience in data analysis to help you make smarter, more strategic decisions about the interplay between fraud management, debit card usage and profitability. We have analyzed large samples of data taken from both debit card issuers and processors and found many opportunities to improve portfolio performance.
Purchase Limit Management:
Active customers use a fraction of their allotted purchase limits while fraudsters use much more. We can help you drive purchase limits closer to actual cardholder usage levels to mitigate risks and reduce fraud losses.
Mass Data Compromise:
Reissuance decisions have a negative impact on active cardholders. We can measure and predict cardholder behavior before and after debit card replacement due to a breach, and measure different strategies to determine improved outcomes for cardholders and profitability.
Debit Fraud Detection:
Detection systems generate valuable data that can be used to better understand the effectiveness of efforts to combat fraud. We offer analytic services that will leverage data to mitigate risks, while providing customers greater visibility into and control over fraud detection.
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