From the standpoint of fraud prevention, card issuers have great incentive to promote the devices, he said.

Right now, a prompt-payment rule leads to pay-and-chase, rather than fraud prevention.

In addition, it also offers better reconciliation and fraud prevention.

The main form of fraud prevention remains the initial validation.

In the financial sector, institutions use profiling technologies for fraud prevention and credit scoring.

Twenty-five years ago, New York was in the vanguard of fraud prevention.

In 2009, the group ran seminars for the Irish financial services industry on data protection, customer relationship management and fraud prevention.

The rapporteur attaches particularly importance to cooperation on fraud prevention with the candidate countries.

In attempting to find a balance between being easy to understand and effective fraud prevention, the policy has undergone several revisions.

Now, banks are apparently using this to help with fraud prevention.