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Preventing Credit Application Fraud for Financial Services Institutions

Technology is fueling the growth of the credit card industry like never before. Unfortunately, while the Internet makes it faster and easier for individuals to apply for credit, online applications pose a higher risk for credit issuing banks.

As more organized cybercriminals get better at defeating conventional methods of fraud detection, credit card issuers must deploy different techniques that work together with existing fraud tools to detect bad applications early in the process and reduce the rate and impact of identity theft.

iovation ReputationManager 360 provides credit issuers with a number of significant benefits that reduce loss from fraud exposure, increase efficiency within the fraud detection process, lower false positives, and realize a return on investment that is essential to both the success and growth of their business, and the credit card industry as a whole.