Fraud management system is a rule based fraud detection product and has been developed for customers, e-commerce , B2B to obstruct the losses resulting from fraud attacks. Cardtek offers a complete fraud detection and prevention solution for Credit Card, ATM/Debit Card, Merchant, and Clearing Management Systems.
Fraud Management System has a scenario definition system which enables customerto define their own criteria easily and rapidly. The scenario definition system is used easily without using a programming language or scripting. Customercan use drag-and-drop boxes to define their complicated scenarios.
Due to its flexible rule definition and management feature, it is easier for customers to create the most complex rules and detect fraud transactions and take just-in-time precautions such as blocking the payment card, to avoid further mishaps by contacting the cardholder or merchant owner via SMS or e-mail. Also, with the help of the customer behavioranalyses basedscoring capability, data passing transactions could be used to generate rules which in turn can help operators make better decisions.