“In light of continued mass card compromises at merchants of all types and sizes, our council identified a critical need for a tool that can help financial institutions quickly detect compromised cards and put actionable plans in place to stem fraudulent spend.”
“After researching the industry, the ABA selected Rippleshot’s Sonar tool, which has proven success in identifying potential compromises and affected cards, enabling banks to save tens of thousands of dollars from unnecessary card re-issuances.” – Bryan Luke, chairman of ABA’s Endorsed Solutions Banker Advisory Council.
Read the full announcement here.
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