Global payment card fraud losses are projected to reach nearly $33 billion in 2023—losses caused by fraudulent transactions, chargebacks and long fraud investigations. If banks only detect fraud after illicit transactions have taken place, they incur not only financial losses but also reputational damage. For banks to mitigate these losses and maintain their reputations, they need to move to a proactive method of preventing fraud. Payment fraud intelligence is the answer.
In this Playbook, learn how payment fraud intelligence is saving banks money, time and resources—and helping them avoid reputational damage.Read now to learn more about:
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