By Sally Watson, 3 December 2001 17:25
NEWS US firm HNC Software is offering its expertise to Europe's credit card companies to help cut down on fraud. The firm is bringing in experts from its Fraud Consulting Group to Europe to advise on how to check, report and reduce the amount of card and ecommerce fraud. Ruud Nijs, European MD of HNC, said fraud losses in the UK and Europe are growing by 50 per cent every year. "Many issuers are only achieving a fraction of their fraud prevention potential," Nijs said in a statement.
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