{"id":2068,"date":"2015-02-24T20:07:00","date_gmt":"2015-02-24T20:07:00","guid":{"rendered":"https:\/\/www.peeriosity.com\/shared-services\/articles\/?p=2068"},"modified":"2022-08-11T12:36:26","modified_gmt":"2022-08-11T12:36:26","slug":"utilizing-technology-to-reduce-exposure-to-corporate-card-fraud","status":"publish","type":"post","link":"https:\/\/www.peeriosity.com\/shared-services\/articles\/2015\/02\/utilizing-technology-to-reduce-exposure-to-corporate-card-fraud\/","title":{"rendered":"Utilizing Technology to Reduce Exposure to Corporate Card Fraud"},"content":{"rendered":"

The risk of fraudulent transactions continues to limit the ability of companies to expand the distribution and allowable usage of both the purchasing card (PCard) and the travel card<\/a>.\u00a0 While the appropriate use of merchant category codes (MCCs) and monetary limits is a key cornerstone of any card fraud prevention structure, in recent years new tactics and technologies have been developed that can help to mitigate these risks, when implemented and administered properly.\u00a0 Some of these solutions have been developed by software solution providers, while others are being developed within companies to address their own specific requirements.<\/span><\/p>\n

As part of a recent Peeriosity PeercastTM<\/sup> on the topic of Corporate Card fraud, a major aerospace\/defense company presented its approach to controlling corporate card fraud<\/a>.\u00a0 With over 42,000 cardholders and millions of card transactions taking place each year, this company wanted to be very proactive in how it protected itself from fraudulent card transactions and card misuse.\u00a0<\/span><\/p>\n

The following is the four-pronged approach to their fraud detection framework:<\/span><\/p>\n