Application Fraud: Leading U.S. Credit Card Issuer Saves $15M

Credit card fraud can result in huge financial losses for both credit card issuers and their customers — but too many false positives lead to missed revenue opportunities. How do you strike a balance?

Large financial losses from coordinated third-party and synthetic fraud. Delayed application approvals and costly manual reviews due to too many false positives. Skyrocketing operational costs and increasing friction for customers. Something had to be done.

One major U.S. credit card issuer cracked the code with DataVisor’s advanced fraud detection solutions.

Read the full case study to learn how this major credit card issuer:

• Proactively captured coordinated and unknown fraud with 94% detection accuracy
• Created frictionless experiences for good customers
• Captured 25% more fraud while reducing false positives
• Saved $15 million in fraud losses and operations in one year