22nd February 2016 Church News.
MasterCard has unveiled its new MasterCard IQ system â designed to use real-time intelligence to make more informed fraud management decisions. Cardholders and merchants will see a reduced number of transactions unnecessarily declined, according to MasterCard. Research conducted by Javelin suggests that one of every six cardholders has experience at least one decline because of suspected fraud in the past year. The value of false declines per year has hit $118 billion â 13 times more than the total amount lost annually to actual card fraud ($9 billion), according to the study.
