Due to widely-practiced industry standards, most financial institutions currently rely on post-breach alerts to combat fraud in the event of a merchant compromise. Often, these alerts are not delivered for weeks after the breach has taken place, and only contain a limited amount of information. In the event of a card breach, time is crucial.
TrueCards® differs from other reactive approaches in that it allows institutions to determine the true point of compromise and block all cards at risk almost immediately, rather than relying on industry alerts to tell them which cards have already been compromised.
TrueCards® is built custom to each institution and works across processors. This allows the institution not only to have a product specific to their needs, but also work across both their debit and credit card portfolios at one time for a centralized management of at-risk cards.
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Ready to learn how TrueCards® can protect your institution from card fraud?