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.
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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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