TranzWare Fraud Analyzer

TranzWare Fraud Analyzer is the system created for identification and prevention of fraudulent card transactions of financial institutions.

Description

TranzWare Fraud Analyzer offers financial institution powerful tools of risk management, connected with fraudulent activity during the using of bank cards and commission of electronic payments. A system implements mechanisms a post factum analysis (detection), checks of transaction in the course of authorization (prevention) - together with flexible configuration of rules they allow organization to achieve the high level of security without performance penalty of a system of authorization.

Information on transactions is stored in a specialized subsystem of TranzWare Data Warehouse that allows to operate with data not only directly from processing, but also retail, clearing, other banking systems. TranzWare Fraud Analyzer analyzes these data at speed with receipt of transactions in the data warehouse online and quasi-online. At the same time a set of the predetermined rules revealing potentially dangerous transactions is used.

Compliance

TranzWare Fraud Analyzer underwent certification in Visa payment system and corresponds to criteria of "CEMEA Acquirer and Issuer Monitoring Standards".

Functionality

• Monitoring of fraudulent transactions on the basis of a set of objects (transactions, maps, accounts, clients, trade and service organizations, departments, regions and so forth) and their combinations
• Loading of transactions online and quasi-online
• Unlimited communication of different subjects to control and the generated alert (alarms) for providing the broad picture of threat of fraud
• Possibility of accomplishment of cumulative multi-component analysis of activity of objects and event streams (attributes, sequences, patterns)
• Formation, acceptance and analysis of alarms
• Determination of automatic reaction to an alarm
• Initiation and conducting investigations on the basis of alarms
• Static and parametrical analytics
• The built-in mechanism of development governed on the basis of SQL Markup Language and algorithmic flowcharts (object-oriented means)
• The wide built-in library of rules on the basis of practical experience
• Process management of disputes
• Built-in Workflow tools
• Support of several financial institutions, organizations with filial structure
• The developed reporting facilities