MasterCard Worldwide Launches Next Generation Fraud Prevention Solutions

Services represent the latest addition to MasterCard's suite of Expert Monitoring Solutions

December 8, 2010

3 Min Read


Waterloo (Belgium) and Villepinte (France) 7 December, 2010 – MasterCard is introducing its Expert Monitoring Real-Time Fraud Scoring and Compromised Account Service in the United Kingdom, Ireland and other markets throughout Europe. These services represent the latest addition to MasterCard’s suite of Expert Monitoring Solutions which provide turnkey, next-generation fraud detection and prevention capabilities that help payment card issuers protect cardholders from fraudulent transactions and reduce fraud-related costs.

Featuring state-of-the-art fraud detection models that are finely tuned to the risk profile of each market, Expert Monitoring Real-Time Fraud Scoring provides issuers with a predictive fraud score during authorization that indicates the likelihood that a transaction is fraudulent. As a result, MasterCard is helping issuers identify and prevent fraudulent transactions in real time, enabling them to enhance their existing fraud detection capabilities and further reduce fraud costs.

In addition, the Expert Monitoring Compromised Account Service provides issuers precise, timely fraud prediction for accounts that have been subjected to a data compromise event and may be more prone to fraud. As a result, issuers can more effectively assess the threat of fraud on compromised accounts to reduce their fraud losses and lower their re-issuance costs.

“MasterCard is committed to helping financial institutions protect cardholders from the risk of fraud. Expert Monitoring Real-Time Fraud Scoring and Compromised Account Service enable our customers to sharpen their fraud detection and make more informed authorization decisions at the point of interaction to stop fraud before it happens,” said Wendy Murdock, Chief Payment System Integrity Officer, MasterCard Worldwide. “As a result, Expert Monitoring Solutions provide issuers with higher and more accurate fraud detection rates over conventional solutions. This is critical in controlling the rising costs of fraud while ensuring a positive cardholder payment experience.”

With MasterCard’s Expert Monitoring Solutions, issuing financial institutions benefit from:

A hosted solution that complements issuer fraud detection systems to reduce the total cost of ownership for predictive fraud modeling capabilities

A global view of fraud patterns and transaction trends

Precise network fraud models, as well as custom models based on the unique characteristics of specific portfolios, that deliver superior fraud transaction detection rates

Highly predictive fraud scores delivered in real-time on every transaction authorization request that traverses the MasterCard network

Scalability to score larger volumes of transactions in a highly targeted manner based on multiple account attributes

Low rate of fraud transaction false positives which helps issuers ensure cardholder satisfaction

Expert Monitoring Real-Time Fraud Scoring is currently available in the U.S., Canada, South America, U.K., Ireland, the Netherlands, Italy, Germany and Eastern Europe. This service will be introduced in all European markets early in 2011 as well as other markets around the world throughout 2011. The Expert Monitoring Compromised Account Service is currently available to issuers globally in every market.

For more information on MasterCard’s Expert Monitoring Solutions, please visit

About MasterCard Worldwide

As a leading global payments company, MasterCard Worldwide prides itself on being at the heart of commerce, helping to make life easier and more efficient for everyone, everywhere. MasterCard serves as a franchisor, processor and advisor to the payments industry, and makes commerce happen by providing a critical economic link among financial institutions, governments, businesses, merchants, and cardholders worldwide. In 2009, $2.5 trillion in gross dollar volume was generated on its products by consumers around the world. Powered by the MasterCard Worldwide Network – the fastest payment processing network in the world – MasterCard processes over 22 billion transactions each year, has the capacity to handle 140 million transactions per hour, with an average network response time of 140 milliseconds and with 99.99 percent reliability. MasterCard advances global commerce through its family of brands, including MasterCard', Maestro', and Cirrus'; its suite of core products such as credit, debit, and prepaid; and its innovative platforms and functionalities, such as MasterCard PayPass™ and MasterCard inControl™. MasterCard serves consumers, governments, and businesses in more than 210 countries and territories. For more information, please visit us at Follow us on Twitter: @mastercardnews.

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