IFS Credit/Debit Fraud Management System
The IFS Credit/Debit Fraud Management System is a rule based fraud detection product and has been developed for banks to obstruct the losses resulting of fraud attacks.
Due to its flexible rule definition and management feature, it is easier for banks to create the most complex rules and detect fraud transactions and take just-in-time precautions such as blocking the payment card, to avoid further mishaps by contacting the cardholder or merchant owner via SMS or e-mail. Also, with the help of the neural network based scoring capability, data passing transactions could be used to generate rules which in turn can help operators make healthier decisions.
Due to its flexible reporting module, which includes various reporting templates, it is possible to evaluate the performance of the rules that worked and/or were triggered, the scripts sent to the cards, and even the operators focusing on the fraudulent attacks.
Functionality
The IFS Credit/Debit Fraud Management System is a rule based fraud detection product and has been developed for banks to obstruct the losses resulting of fraud attacks.
Due to its flexible rule definition and management feature, it is easier for banks to create the most complex rules and detect fraud transactions and take just-in-time precautions such as blocking the payment card, to avoid further mishaps by contacting the cardholder or merchant owner via SMS or e-mail. Also, with the help of the neural network based scoring capability, data passing transactions could be used to generate rules which in turn can help operators make healthier decisions.
Due to its flexible reporting module, which includes various reporting templates, it is possible to evaluate the performance of the rules that worked and/or were triggered, the scripts sent to the cards, and even the operators focusing on the fraudulent attacks.
Functionality
- Supports different types of integration methods such as webservices, online messaging, file transfer, direct adaptation to the other systems' databases via stored procedures,
- Supports different platforms such as Windows or Linux operating systems,
- Supports different databases such as MS SQL or Oracle,
- Supports integration with domestic and international service providers such as sharing the fraud cases due to integration with MC, Visa or BKM,
- Supports different types of HSMs such as Thales or Safenet,
- Supports different types of communication protocols such as Base24, ISO8583 or any special protocols for banks,
- Advanced user management system support,
- Advanced monitoring, reporting, rule creating and event logging advantage,
Benefits
- Multi-brand, multi-application, multi-language, and multi-currency support.
- Quick and easy customization for new products, functions, and integrations.
- Various channel support such as ATM, POS, E-commerce transactions, etc.
- Excellent online performance such as a 17-milisecond response time with over 100 scenarios.
- User friendly interfaces and improved service quality support.