Issuers – Focus on Expanding fraud prevention and detection abilities

According to the Javelin Strategy & Research 2008 Card Issuers’ Identity Safety Scorecard results, the greatest opportunity for Issuers to reduce fraud losses is to expand on their abilities within prevention and detection.

Other notable excerpts:

“Bank of America Scores highest ranking on the Javelin’s 2008 Card Issuers’ Identity Safety Scorecard; second place went to Discover, followed by FNB Omaha and U.S. Bank.” Javelin Strategy & Research

“Findings Show That Arming Consumers with Expanded Account Monitoring Tools is Key to Security and Strengthening Customer Loyalty” Javelin Strategy & Research

For more information related to this subject go to the BusinessWire article “New Javelin Report Benchmarks 25 Top Credit Card Issuers for Consumer Identity Safety Features”