Detect Transaction Fraud & Money-Laundering
Process every transaction through Predator and achieve accurate and consistent fraud checking across all channels of incoming and outgoing transactions. Predator will mitigate fraud, reduce operational costs, and increase reputation through a combination of historical data, fraud scoring, behavioural rules, and intelligent case management.
Predator handles the two main areas of transaction fraud - issuing fraud and acquiring fraud - and money laundering.
Transactions can be checked against blacklisted and watchlisted accounts, merchants, customers, IP addresses, staff, card numbers or other reference information.
Incoming transactions are checked against a customised decision workflow for fraud indicators or suspicious characteristics. Decision rules and fraud models can be changed and updated instantly to keep up with evolving fraud.
Incoming transactions are compared with previous behaviours to detect patterns and fraud risks. Predator can handle customised calculations allowing your organisation to have full control of how transactions are processed.
Alerts are sent to your fraud reviewers to investigate suspicious transactions and, if appropriate, take prompt user defined actions such as blocking cards and accounts.
Customised reports based on data and decisions can be designed, automatically generated, and emailed as required.
Reduce operational costs
Comply with AML regulations
Blacklist & watchlist management
Scorecard strategy management
Automated review alerts
Automated audit logging
Customised field requirements
Customised user access
Web application interface
Fraud rule triggered
When a transaction is processed by Predator, a fraud check will quickly be performed. If a fraud risk is detected, an alert will be raised, and the transaction will be passed on to your fraud review team for further analysis. Predator gives your fraud review team easy-to-use tools and the information required to make an accurate decision, and take quick action if necessary.
Predator identifies counterfeit fraud, Internet fraud, and lost/stolen cards early, reducing fraud losses. Cards or accounts can then be blocked after investigation as required.
Transactions can be processed online, individually on demand, or in batches to suit your organisation. Transaction channels can be separated, or grouped together to identify cross-channel fraud.
Predator can be heavily customised to cater for your specific data requirements. Rules can be set to identify abnormalities in velocity, merchant category, ticket size, spending patterns, geographical location and time of transaction.