Issuers and Merchant Collaborate to Thwart Fraudsters and Accept ‘Good’ Transactions

Jeff Gipson, director of payment product management at Discover® Global Network, told PYMNTS fraudsters are getting more sophisticated, and their attacks are getting more intense. Data sharing between merchants and issuers — and even consumers — can blunt the impact of fraudulent attacks, while increasing authorization rates, to the benefit of everyone involved.