Fraud Detective

Fraud Detective^® intercepts potential losses across payment channels while there’s still an opportunity to protect your bank and prevent your customers or banking partners from being affected. Fraud Detective accelerates identification into Day 1, preventing fraud and other payment anomalies from posting, and protecting the financial institution, its customers, and its exchange partners.

Payment Fraud Detection Solution

Fraud Detective integrates fraud processing of all types of payments. Regardless of whether the source is traditional check, ACH, RDC, or mobile capture, it intercepts fraud suspects and other critical exceptions early in the payment stream and facilitates the resolution of these anomalies prior to posting.

Integrated Fraud and Duplicate Review

Fraud Detective‘s Suspect Review is fully integrated with Dupe Detective^® to facilitate a common review of both fraud and duplicate suspects, as well as other payment anomalies. This enables identification of duplicate suspects that are actually fraud attempts and avoids the related losses.

Replaces or Enhances Legacy Fraud Systems

Fraud Detective identifies many types of fraud, including common indicators of account takeover, kiting, and money laundering. In addition, Fraud Detective integrates with legacy fraud systems to accelerate their detection capabilities, effectively transforming Day 2 systems into Day 1 fraud solutions.

Multi-Bank/ASP Support

Fraud Detective’s multi-bank capability enables payment processors to provide hosted solutions to financial institutions. Multi-bank support allows configuration settings and business rules to vary by bank and provides both bank- and system-level reporting.

Automated Decisioning, Routing, and False Suspect Removal

Fraud Detective provides powerful, menu-driven business rules that are easily modified to meet the changing requirements of your financial institution. Its business rule engine automates the decisioning of many suspects, including the elimination of false suspects. In addition, business rules facilitate automated delivery of confirmed exceptions to endpoints for final resolution.

National Fraud and Duplicate Database

Fraud Detective and Dupe Detective are integral components of a detection system that enables financial institutions and payment processors to work together to combat fraud across the industry. Earlier detection, along with new cooperative exchange practices, will catch fraud closer to the origination point, facilitating retrieval of funds before it’s too late to recover them.

Benefits

Protects your bank’s reputation and customer relationships – When the customer is aware of a fraud issue, even if the loss is avoided, the trusted relationship is compromised. Fraud Detective prevents financial institution customers from ever being affected.

Lowers loss-adjustment expenses – By identifying fraudulent transactions before they post, the effort and resources associated with correction are much lower.

Complies with regulatory guidelines – Fraud Detective includes audit reporting and tracking of the identification, review, decisioning, and resolution of fraudulent attacks against both traditional and alternative payment channels.

Decreases fraud losses – Many fraudulent duplicates are detected too late to prevent the withdrawal of funds. Day 1 identification translates directly into fewer losses.

Consolidates fraud review and mitigates risk – Fraud Detective provides a common review of fraud and duplicate suspects, as well as other payment anomalies, positioning financial institutions to make better, more informed decisions.