Real-time card fraud and ATM crime detection For Card issuers and payment service providers

Payment card fraud has been around for decades now, but since the introduction of cyber technology and e-commerce, it has increased significantly over the last 10 years. RiskShield offers card issuers and payment service providers a real-time fraud detection solution and protects the cardholders from compromised cards and Card-Not-Present fraud.

Overview

Banks and financial institutions have always been a target for criminals. However, in today’s progressive technology age and given the exponentially growing online crime activity, financial institutions are finding it difficult to stay ahead of the curve and mitigate risks from fraud. RiskShield provides card issuers with real-time monitoring technology and high-performance analytics to protect them against losses from fraudulent card usage. RiskShield detects and prevents fraud utilizing credit cards and debit cards at ATMs as well as Card-Not-Present fraud.

RiskShield is an intelligent and fast fraud detection system that can assess these risks and block fraudulent transactions from further processing within just milliseconds.

Today RiskShield protects over 145 million payment cards against fraud in payments and saves banks and card issuers millions every year. Card issuers and payment service providers who have replaced their fraud prevention systems with RiskShield report of a 30% reduction of fraud damage losses.

Contact

Konrad Hochmuth

Konrad Hochmuth
Consultant
Tel: +49 (0) 2408 / 9456 - 5000 k.hochmuth@informinform-software.com

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Downloads (6)

RiskShield Business Intelligence
Brochure
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RiskShield for Application and Credit Scoring
Brochure
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Payments Cards & Mobile: The Rise of the Machines
Brochure – 502 KB (pdf)
download directly
Success Story: ING Bank Slaski
Brochure
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RiskShield AML Compliance Suite
Brochure
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Features

  • Real-time detection

    Block compromised cards and Card-Not-Present fraud in just milliseconds with RiskShield high-speed fraud detection architecture.

  • Multi-channel monitoring

    Discover complex fraud schemes by monitoring data through multiple payment and customer service channels.

  • Seamless integration

    Easily integrate into the issuer's bank existing card authorization system with open and highly configurable interfaces

  • Online rule management

    Adapt anti-fraud scenarios on the fly with intuitive and user- friendly rule management

  • Warning notifications

    Automatically trigger warning notification messages to customers and other processes such as new card initiation.

  • All card-based transactions

    Cover any type card-based transactions, from debit, credit, mobile wallets, prepaid as well as EMV and PIN/Signature cards.

  • Case Investigation

    Deliver an integrated alert work-flow management solution with case management and forensic investigation tools.

  • Management Information

    Provide live graphical dashboards for business intelligence and custom report capabilities for scheduled and ad hoc management reporting.

  • Proven technology

    Protect more than 145 million payment cards against first-party, CNP and counterfeit fraud and save banks and card issuers millions every year.

Risk-based Authentication

Risk-based Authentication

Security is crucial for all online transactions but so is customer convenience. Not every transaction however carries the same level of risk. With the right data, customer profile and risk assessment tools, 90-95% of all transactions could be safely processed without adding an additional authentication step.

RiskShield provides a complementary solution for 3D-secure methods, such as MasterCard SecureCode and Verified by Visa to protect cardholders and merchants from e-commerce fraud. Instead of an additional 3D-Secure password check for every transaction, RiskShield Risk-base Authentication delivers a reliable decision engine to risk assess every single transaction. Based on the risk score RiskShield can trigger the right authentication process to lower the inconvenience for customers during the process of the online purchase. RiskShield can even act as an anti-fraud safety net – safeguarding against passwords that might have been stolen.

Real-time Skimming Fraud Detection

Real-time Skimming Fraud Detection

ATM crime fraud continues to be a significant problem around the world. Every day thousands of debit and credit cards are compromised by payment terminals that have been hacked for the purposes of stealing card data and PINs from unsuspecting users.

INFORM has developed an intelligent detection solution that is making use of the modus operandi of ATM skimmers. This translates to stopping fraud faster, more intelligently and efficiently. By looking at  millions of card transactions, RiskShield technology is able to monitor incoming transactions and match cards, which has been used at the same payment terminal previously.

Sounds impossible? With RiskShield smart algorithms and our extremely high performing architecture, INFORM can monitor billions of data and stop transactions by counterfeit cards even before the fraudsters can use them.

Contact

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