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The upcoming Credit CARD Act presents issuers with not only an immense and
expensive compliance challenge, but also a serious threat to profitability. FICO
research has estimated that, on average, mere compliance with the Act could reduce
an organization’s revenue by as much as 50%.
As issuers identify and modify operational areas that are currently non-compliant with
the new law, they should also examine where and how much the Act will impact
revenue, and how they can reengineer practices to drive new profit streams and