The payment card industry’s ever evolving landscape has seen a drastic increase of card fraud within the past few years. Worldwide electronic information sharing, electronic data storage, online purchasing, as well as the frequency and ease of card usage increases the chances for all financial institutions and their cardholders to become victims of card fraud. Being cognizant of fraud trends, aware of risk management resources available to curb fraud, and diligently looking out for fraud indicators are key to reducing a financial institution’s potential loss. A well developed fraud prevention program that adequately addresses the changing nature of fraud and reduces the risks associated with fraudulent activity is paramount. FIS provides peace of mind by making electronic transactions safe, simple and secure.
Fraud Management
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