The bankers' corollary to Murphy's Law: For every payment system developed, enterprising criminals will quickly find ways to compromise it. And enterprising vendors will follow closely with solutions to manage the risk.

Though off-line debit fraud is not yet a pressing problem-Visa USA says the percentage of fraudulent transactions is far below the 0.8 percent recorded for all its card transactions-the burgeoning market is creating a need for fraud detection systems to manage the unique risk associated with debit transactions.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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