Amex’s low fraud rate turns on its closed system
More access to cardholder and merchant data also gives the card network an edge in fraud detection over its rivals.
More access to cardholder and merchant data also gives the card network an edge in fraud detection over its rivals.
BELLINGS Intelligence Score: 12
Why it matters
Amex's low fraud rate due to its closed system is an interesting operational insight but represents routine competitive advantage rather than a market-moving event.
Sources
Payments Dive
Amex’s low fraud rate turns on its closed system
More access to cardholder and merchant data also gives the card network an edge in fraud detection over its rivals.