Mastercard arms issuers with predictive tool to combat account related fraud from data breaches
Mastercard has recently introduced an Early Detection System (EDS), which provides issuers with a unique advanced alert for cards and accounts at a heightened risk of fraudulent use. Using Mastercard network insights, predictive capabilities and a combination of internal and external data sources, Early Detection System determines if a card or account is at risk and sends an alert to the issuer with a quantification of the level of risk. This provides issuers with alerts on a much broader set of at-risk accounts at least 6 to 18 months ahead of traditional alerts.
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