As global paymemnt and card associations are increasingly becoming vulnerable to internet fraudsters, it makes good business sense to develop an end-to-end managed service solution to combat "card-not-present" fraud over the Internet.
According to APACS, the UK payments association, UK card-not-present fraud losses increased by 37 percent in 2007 and accounted for more than half of the GBP 535 million card fraud losses last year.
Adventity, a market leading knowledge and business process outsourcing firm, and FMT Worldwide, a leading provider of front-end Web application security and enhancement solutions, today entered into a strategic alliance to develop an end-to-end managed service solution to combat "card-not-present" fraud over the Internet.
Comment Preview