MasterCard tackles PIN-based debit card fraud
MasterCard Worldwide will introduce in the first quarter of 2007 a new service to help banks and other card issuers detect and stop PIN-based debit card fraud in real time.
The service is being developed in collaboration with Carlsbad, Calif.-based BasePoint Analytics and is the company's first offering designed to help card issuers detect debit card fraud at ATMs and point-of-sale systems during the authorization process.
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