Bank of Nova Scotia will be using Nestor Inc.'s Prism CardAlert system to combat credit card fraud, Nestor announced.

"Our goal is to protect our card customers against fraud by using the best technology available," said Walter Kalichuk, chief security officer at Toronto-based Scotiabank. "With Prism, we can dynamically update the fraud detection model and ... catch fraud earlier while maintaining complete control over our fraud operations."

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