California-based HNC Software is expanding its consultancy services into the European markets.
Ruud Nijs, managing director of Europe, the Middle East and Africa for HNC, says: "Fraud losses in the UK and Europe are rising at more than 50 per cent every year, and many issuers are only achieving a fraction of their fraud prevention potential."
He says that half of the company's fraud consulting team has been redeployed to Europe. Their services include several fraud response modules, including health checks, fraud reduction workshops, fraud reduction reports and fraud reduction partnerships. Each of these modules offers a different level of service to card issuers so they can respond appropriately to fraud problems.