Solutions - Fraud Prevention
Securing your customers' transactions
Monitor Plus PMFD Issuer™ (Payment Media Fraud Detector)
Monitor Plus Payment Media Fraud Detector Emisor™ is a comprehensive and intelligent solution for payment media fraud prevention from the issuer's point of view (credit/debit/prepaid cards, digital wallets, etc.) in real time.
Use cases
- Fraud prevention in card-present and card-not-present transactions.
- Protection of transactions in all its channels: physical/digital stores, MOTO, ATMs, etc.
- Prevention of internal and external fraud.
- Detection of possible points of compromise and common points of fraud.
- Ability to authorize or deny transactions in real time, or execute defensive actions manually or automated against common fraud attacks.
- It allows the customer to customize and have control over their products and channels.
MAIN BENEFITS
Real-time loss reduction
Monitor Plus Payment Media Fraud Detector Emisor™ analyzes transactions in milliseconds and interacts in real time with the authorizer to recommend the authorizer to authorize or deny transactions.
Internal and external fraud prevention
The integration of preconfigured models incorporating knowledge gained from a long history in the industry enables Monitor Plus® to detect a wide range of known and unknown fraud patterns, potential points of compromise, and external and internal fraud patterns.
Orchestration for defense and authentication
Monitor Plus® assesses transactional risk to generate alerts and automate decision making and defensive actions. The system is capable of interfacing directly with other systems to initiate multi-purpose actions (e.g. blocking, multi-channel alerts, real-time cardholder notifications and confirmations, interfacing with automated two-way cardholder interaction systems, etc.).
Increased detection, reduced friction
Monitor Plus Payment Media Fraud Detector Emitter™ uses an assembly of expert models and artificial intelligence that optimizes the high level of detection and decreases false positives, resulting in less friction for the client and favoring their level of satisfaction. Additionally, the lower volume of resulting alerts reduces the operational burden on the analysis team.
Effective and precise
Real Time Detection and Prevention
Montor Plus® validates the level of risk and can execute automated actions, as well as integrate authentication systems to streamline processes and incident response.
Cost-efficient security
- Reduces losses and supports the reduction of operational, administrative and other costs related to the total cost of fraud.
- Low friction detection to maximize customer experience.
Customer follow-up
Monitor Plus Payment Media Fraud Detector Emisor™ includes customer notification and immediate follow-up processes to ensure good service in the case of rejected transactions due to high risk rating.
Curb fraud
for Increased Customer Satisfaction
The customer can customize their payment media in real-time.
- Switch card on/off.
- Switch channels on/off.
- Customize notification preferences.
Immediate confirmation for high-risk operations
The system incorporates multiple authentication factors and complies with the highest security standards (e.g. PSD2) by combining:
- Something the customer KNOWS.
- Something the customer HAS.
- Something that the customer IS.
