The ever-increasing usage of cards as a means of payment for goods and services, and of withdrawing cash, has inevitably been accompanied by an increase in attempts at card fraud. In response, there have been improvements in the authentication technologies for both “card present” and “card not-present” transactions. The most effective way to combat the many different fraud strategies is to adopt an analytical approach. This forms the basis of SINNAD’s fraud management solution, which is an integral part of our processing services. Our specialised, powerful Fraud Analyser System can be tailored to each financial institution’s requirements, allowing it to efficiently monitor, detect, and prevent transactional fraud in all areas of your card business.
Monitoring of transactions, cards, accounts, customers, merchants, branches, etc.
Issuer and acquirer analytical functions support
Ability to carry out multifactor object activity analysis and transaction flow analysis
Single and sequential transaction analysis tool
Static analytics: predefined rules for detecting fraudulent operations (as set by card networks)
Parameterised analytics: tools for customer-defined rules
Generating, processing and analysing alerts
Initiation conduct and management of case investigations based on alerts
Comprehensive workflow engine
Full cycle of fraud management from monitoring and alerts to case investigation, dispute management and taking appropriate actions
Advanced customisation features, making the product fully adaptable to business needs and market requirements
Simultaneous transaction processing from several hosts
Scalability: up to 100s of millions of transactions, 10s of millions of cards, accounts, customers