Among the key operating issues are:

Agility – The ability to quickly aggregate and integrate data from a wide range of external and internal sources is critical. This is especially important in the growing segment of thin file and sub-prime populations where non-traditional data is used to minimize risk and enhance profitability.

Efficiency – Efficiency is key to surviving in an ever-changing environment. While the right automated credit decision takes only seconds, manual processes can take days. Eliminating manual processes saves time on paperwork and phone calls and consequently lowers operating costs.

Compliance – PCI DSS (Payment Card Industry Data Security Standard) mandates regarding consumer privacy regulations and IT security concerns are just some of the matters issuers must face. Constantly evolving regulations and internal changes in company policy require that issuers choose an automated risk analysis partner that helps them save money in non-compliance fees, keeps them abreast of the latest compliance standards and is committed to making constant enhancements to its software with the latest changes and updates from the credit bureaus.

Fraud Prevention – Accountability is increasing on issuers for transaction level credit card fraud. Non-compliance with PSI DSS regulations can result in fines up to $500,000 an incident. Credit card issuers cannot afford to choose service providers that are anything less than proven where fraud and security are concerned.