MasterCard International Inc. has introduced an enhancement to its fraud-reporting system that is supposed to reduce its members' annual losses by $12 million.

The enhancement, announced last week, is called System to Avoid Fraud Effectively, or SAFE.

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.