Fraud Prevention

Adapt faster to new episodic threats by greatly reducing the time required to test and deploy new rules, profiles, and models. The IBM Counter Fraud Management for Safer Payments solution offered by TPS is a complete end-to-end fraud prevention solution which protects all cashless payment channels by detecting, preventing and reducing fraud possibilities. The solution offers high-level fraud detection accuracy and significantly reduces false alarms. Safer Payments can be used for issuers, acquirers, payment processors, payment switches, digital banking, and alternative payments.

The fraud prevention solution evaluates the behavior of any entity linked to the system and accordingly delivers best-fit analytics to fulfill the need of risk management professionals. This security-tested solution is already protecting some of the world’s biggest and most complex payment portfolios.

The cognitive computing capabilities inherent in Safer Payments help bridge the gap between expert-driven rules and traditional predictive modeling, generally termed black box modeling. It also provides white box based analytics, giving you visibility into model results, the control to adapt models quickly, and the flexibility to apply new countermeasures in minutes.