Credit card fraud is an intensely serious subject at Citicorp, on par with marketing, a senior executive of the largest credit card bank said recently.

Whatever strides Citibank makes in attacking the industry's billion-dollar scourge, all banks benefit, because credit card fraud is a noncompetitive issue.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.