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Products: FraudXpert |
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Automated Fraud Protection.
No Capital Expenditures. FraudXpert is a browser-based solution that combines account monitoring with intelligent authentication. The result - you can detect fraud quickly and reduce overall loss. Consider it an insurance policy against fraud, a required element in any financial institution's strategic plan. FraudXpert works behind the scenes, 24 hours a day, to monitor inbound transactions. All payment types, whether paper-based or electronic, are evaluated and authenticated. This protects you from traditional check fraud and new forms associated with ACH payments, debit cards and other electronic transactions. If fraudulent activity is detected, the system will flag the item for review. For a monthly fee, we tailor your account parameters, maintain the servers and continually update the software as new fraud types emerge. What you gain is an advanced system with customized protection, without investing in new hardware or additional personnel. Advanced, Intelligent System Transaction processing is no longer just about paper checks. As check conversion alternatives such as POP, ARC and RCK become more widely used, it is essential that you implement security systems that examine all payment types. |
FraudXpert protects all entry points by analyzing
every transaction from the most vulnerable
sources. Using unique technology, the automated
system reviews and approves transactions using
a pre-processing authentication model rather
than an exceptions-based model. The model used
by FraudXpert not only catches more suspects,
it processes the transactions faster and more
efficiently, which dramatically limits your losses.
During transaction review, the system does not assume payments are valid or authorized. It validates them against parameters defined by your institution. An important capability of this intelligent software to note - FraudXpert will learn the specific payment trends and patterns of each account. This means the safeguards in the application are not random. Instead, they are continually enhanced as more transactions are presented for each account. Gain a Competitive Edge FraudXpert assists customer service by providing automatic notifications when potential fraud is suspected. Account holders are alerted of the activity, and authorization is requested on specific transactions. This unique ancillary service protects you and your customers alike, while providing your institution a distinct marketing advantage. |
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