SAS And HSBC Join Forces To Transform Fraud-Detection Market

July 13, 2005 | Print | Email Email | Comments | Category: Security



    SAS and HSBC announced in Hong Kong a long-term partnership to transform the payment card fraud-detection market to protect online and offline users.

    "We chose to work with SAS primarily because of its technology assets, extensive R&D capability and industry leadership, and its ability to support us across the globe. We are impressed with SAS' understanding of our business

    goals and its flexibility to meet our demanding requirements," said Siddharth N. Mehta, chief executive officer at HSBC North America Holdings Inc.

    Each year, banks and financial organizations across the world lose more than $2 billion annually to payment card fraud. Over the last decade, as banks have developed improved processes and systems to identify and stop fraud, fraudsters have also adapted.

    Today most banks rely on fraud-detection systems, but the types of fraud threats faced by card issuers evolve rapidly.

    Related Links:


    Recommend this page: 1 Star2 Stars3 Stars4 Stars5 Stars

    Loading ... Loading ...
    Related News:
  • HSBC Starts Anti-Phishing Program For Hong Kong Customers
  • HK Man Jailed For Internet Auction Fraud
  • Anti-virus Products Of 360, Rising, Kingsoft Pass VB100 Tests
  • 365anfang.com Allies With Taobao, Alipay To Ensure Online Shopping Safety
  • HSBC: Abdicating IT Responsibility
  • E-Commerce Fraud Forces Alibaba To Replace Internet Executives In China
  • Public Security Bureau And Banks Form Anti-Phishing Alliance
  • Smiths Detection Receives Chinese Aviation Authority Order
  • Subex Launches In China
  • Nanjing Telecom Launches Weapon Against SMS Fraud



    • Leave A Comment:



    Inside ChinaTechNews.com


      Other China News

      China Sourcing News:

      Home Building Chain Closes Another Store In China

      American Internet Retailer Adds Courier Fees In China

      French Optics Company Announces Two China Investment Deals

      Increasing Manufacturing Costs Cause Trouble For Chinese Retailer
      TechSecurityChina.com:

      Inspur International To Sell Chinese E-government Business

      Shareholder Disputes Settled For Chinese Media Firm

      Qihoo 360′s Safebox Software Will Integrate With Uuu9.com

      Apple Suspends iPhone 4S Sales In Retail Stores In China
      ChinaWirelessNews.com:

      ZTE Launches First Tablet In America

      Apple Adopts New iPhone Sales System In Hong Kong

      China Telecom To Launch CDMA-based iPhone 4S

      China Mobile's Call Center In Luoyang Formally Launched

      Visit these other China sites: ChinaRetailNews.com | GreenChinaTech.com | ChinaWirelessNews.com | TechSecurityChina.com | China Sourcing News | China CSR