Card Suite Fraud Management

Card Suite Fraud Management is developed for effective protection against fraud with bank cards.

Introduction

Fraud with bank cards is a heavy burden which face and all banks should fight resolutely. It leads not only to financial losses, but can cause serious damage to reputation of bank and to become the reason of loss of customer confidence to you and your services.

By means of this solution banks and processing centers can provide the continuous growth of volumes of the transactions made by clients, stability and profitability, to save trust and a customer loyalty.

Functions

• possibility of the online analysis and failure in authorization directly at the time of its carrying out for transactions which level of danger exceeds admissible and provided by bank in the configured rules of check;

• ample opportunities of monitoring of operations with cards, instant registration of attempts of fraud and capability of acceptance of immediate response measures – a configuration of the new rules of check or change existing;

• economy of resources and the optimal organization of work of analysts, thanks to the built-in solution on management of an event handling order, with a possibility of automatic tracking of terms and receiving necessary confirmations from leading employees;

• compliance to requirements of international payment systems for risk management in card transactions.

Compliance (compliance)

The solution corresponds not only to safety rules of Visa International and MasterCard, but allows to advance actions of swindlers, stopping attempts of fraud at the earliest stage – at the time of initial authorization, even without participation risk analytics.

Principles

The solution created by Tieto is based on the principle of creation of rules and the subsequent check of card transactions on compliance to these rules. Banks and processing centers have an opportunity to create and describe rules using the registered business terms, it considerably simplifies work risk analytics and does not require language skills of programming.

The solution also allows to make the expert analysis of schemes of fraud and trends of their change that expansion of an arsenal of means is promoted for work by risk analytics.