TrueCardsTM
Locating the Common Point of Compromise
Currently, financial institutions rely on VISA CAMS alerts to help them stop fraud that results from a merchant compromise. After VISA becomes aware of a compromise, it can still take weeks to determine the common point of compromise, investigate the merchant and determine which cards are at risk.
If the institution's portfolio is being attacked prior to VISA being aware, then thousands or hundreds of thousands of dollars could be lost before VISA provides a list of cards through the CAMS Alert. TrueCards™ provides a solution to this problem by allowing the institution to determine a common point of compromise and determine which of their cards are at risk. The institution can then block the cards at risk and save the thousands of dollars they might have lost while waiting on a CAMS Alert.
TrueCards™ provides these advantages:
•Enables a single institution to independently manage their card portfolio
•Identifies the common point of compromise within the portfolio
•Delivers a custom preemptive 'stop, block, and reissue' report
•Offers a real-time solution rather than a strategy that relies on late information
•Utilizes historic and current plastic card transactions regardless of processor
•Provides a holistic view of a multi-card vendor portfolio
|