 Fraud Management...
Solutions to instantly detect suspicious activity in account transactions
Falcon™ Fraud Manager
Falcon Fraud Manager is the world’s leading fraud prevention solution for (payment,
credit, oil, retail) card issuers that minimizes fraud losses by detecting
fraudulent (credit and debit, oil, retail) card transactions in real-time.
Fraud Predictor Plus Merchant Profiles is a fraud prevention
solution that combines the analytic power of Fraud Manager and the enhanced detection achieved leveraging
merchant data to provide payment card issuers with improved fraud
detection performance.
Product Highlights
- Patented profiling technology to detect more fraud with increased accuracy
- Real-time rules creation, testing and implementation to significantly reduce fraud losses
- Automated individual transaction analysis
- Seamless integration with institutional authorisation systems
- Rules customisation for special-case fraud prevention
- Comprehensive case management
- Region-specific fraud modelling
Risk Manager for Merchants
Falcon Fraud Manager for Merchants is a fraud prevention solutions for merchants accepting
credit card payments without a physical point of sale (for example,
online, mail order, etc). Falcon Fraud Manager for Merchants allows the retailer to accept more sales with
confidence and identify the most risky sales for investigation or decline.
Product Highlights
- Enables merchants to increase sales by safely approving more transactions
- Reduces costs resulting from fraud losses, shipping expenses, chargebacks and
fees, by enabling rapid intervention before fraudulent orders are filled
- Improves customer satisfaction by eliminating the need for additional
verification and reducing the number of legitimate orders declined or delayed for manual review
- Keeps chargebacks within payment card association guidelines, reducing
the likelihood of fines and protecting merchant card acceptance privileges
Electronic Fraud
Due to the differing needs of each client Fair Isaac have elected to develop a
custom solution for electronic banking transaction fraud. Working with a
decisioning system, such as Blaze Advisor, and selecting from a variety of software and
analytic components from the standard product family. Fair Isaac Professional Services approaches each custom
project by following a structured methodology that leads the client through four major project stages:
Define, Design, Develop, Deploy.
Key deliverables will include model performance reports, software test program reports, training delivery
reports, operational/strategy consulting activities, performance tuning, and final documentation.
One or more models, most likely neural-network models, would be built using the clients data and
deployed on the software platform. Fair Isaac will also recommend
that operational and strategy consulting be provided by our in-house fraud
consulting organization, to ensure that the solution is fully leveraged
within the Bank’s fraud operations area.
Please contact us for more info
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