On November 21st, NCR issued a security alert for a new form of Transaction Reversal Fraud (TRF) occurring in the UK, typically between 10 PM and midnight on any given day.
With a growing number of customer transactions shifting to cards and the ATM self-service channel, Woodforest knew they needed to optimize the health of their electronic payments ecosystem.
Risk scoring for card present and card-not-present transactions is still notoriously inaccurate. Here are a few tips that can help improve your ability to quickly identify suspect transactions, and approve or decline them correctly.
Take five to learn how you can utilize payment data acquisition, machine learning capabilities and a highly configurable rules-based alerts engine to detect and prevent payment fraud in real-time – we are talking milliseconds!
Discover the top 7 features of INETCO Insight 7’s new payment fraud detection and prevention configuration with a rules-based alerts engine and adaptive machine learning.