Staying ahead of global fraud is a never-ending battle. As the market for electronic payments grows so does the potential for damaging fraud attacks. Innovation in payments competes with innovation among fraudsters who continuously update their methods to maximize their profits.
Fraud is now an international business and criminal gangs constantly seek out the weakest targets for the easiest returns.
With the challenge of protecting themselves from the changing fraud threats, banks, processors and retailers are looking for solutions that efficiently detect fraud, without a major impact on legitimate customer activity and that can adapt quickly to new fraud patterns. Covering both the Acquiring market (whether a bank, a PSP or a merchant) and the Issuer market, Fractals from Alaric, an NCR business, can deliver fraud detection and prevention for credit cards, debit cards, pre-paid cards and current or checking accounts, for transactions from any channel from ATM and POS to internet and mobile banking – all while remaining incredibly user friendly and agile.