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News

Card fraud prevention presentation at Prepaid Card Expo.

Alaric International : 01 March, 2008  (Technical Article)
Debate on the prevention of fraud with pre paid cards to be led by Alaric manager at convention in Las Vegas.
Alaric International has announced that Alaric's Head of Marketing Martin Hewgill will lead a key panel session on fraud prevention at Prepaid Card Expo 2008 - the world's largest gathering of prepaid, stored value and emerging card payments professionals (Las Vegas, 3-5 March 2008). Hewgill will be heading a panel of leading industry experts in a discussion on 'Practical approaches to mitigating risk and fraud issues through advanced monitoring, detection and data collection practices'. The session, which will take place on Tuesday 4th March from 2:00 - 2:50pm, will explore fraud risk challenges in the retail prepaid value chain - within both closed and open loop systems - and examine strategies for mitigating fraud risk and implementing best practices and technologies for effective detection and prevention.

The session is being given as part of a specialist Risk Management, Legal and Regulatory conference track incorporated into this year's conference programme, with sessions dedicated to fraud detection, interchange trends and card security. Alaric International will also be exhibiting at the show (Stand no. 431) showcasing its full range of high-performance, future-proof card payment products, including the award-winning Fractals payment card Risk Management and fraud detection system.

"The industry has recognised that complacency about fraud and anti-money laundering is not an option for prepaid portfolios," comments Hewgill. "This session will provide a compelling insight into how organisations can determine points of weakness or vulnerability, and what proactive steps they can take to drive down or avoid fraud in this fast expanding business."

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