Solutions - Fraud Prevention

Security for Fast Payments

Monitor Plus PMFDâ„¢ (Payment Media Fraud Detector)

is a comprehensive and intelligent solution for the prevention of payment fraud (credit/debit/prepaid cards, digital wallets, etc.) in real time.

Use cases

  • Fraud prevention in card-present and card-not-present transactions.
  • Protection of physical/digital shops and ATMs.
  • Protection for acquirers, issuers, payment processors and financial switches.
  • Personalisation and customer control over their products and channels.
  • Dynamic security code for online purchases.
  • Massive card fraud attacks.
  • Fraud prevention in digital applications from fraudulent merchants (for acquirers).
  • Ensuring correct trading behaviour (for acquirers).

MAIN BENEFITS

Real-time loss reduction

Monitor Plus Payment Media Fraud Detectorâ„¢ analyses transactions in milliseconds and interacts in real-time with the authoriser to recommend that the authorizer authorize or deny transactions. The system is also capable of executing automatic defensive routines for greater effectiveness.

Internal and external fraud prevention

The integration of expert models that incorporate expert know-how gained from a long history in the industry enables Monitor Plus Payment Media Fraud Detectorâ„¢ to detect a wide range of known and unknown fraud patterns, potential points of compromise, and external and internal fraud patterns.

Strong customer authentication

The Monitor Plus® system conducts a risk assessment of transactions to generate alerts and trigger automated defensive actions. The system is able to interact with the customer to confirm their identity through dynamic multi-factor authentication.

Increased detection, reduced friction

Monitor Plus Payment Media Fraud Detectorâ„¢ employs an assembly of expert models and artificial intelligence to optimize the high level of detection and decrease false positives, resulting in less customer friction and improved satisfaction. Additionally, the resulting reduced alert volume lightens the operational burden on the analysis team.

Effective and precise

Real Time Detection and Prevention

Fraud prevention

Cost-efficient security

  • No charge per transaction analyzed.
  • Decreases the total cost related to fraud:
    • Minimizes fraud losses.
    • Minimizes operational costs of prevention.
    • Maximize customer experience.

Customer follow-up

Monitor Plus Payment Media Fraud Detectorâ„¢ 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.