ATM/POS FRAUD

ATM and POS are an instrumental component in the financial industry and have a fair share of risk exposures. The conveniences of card services offered to customers are tremendous, and more so to the criminals. Technology changes have made ATM related fraud to evolve, forcing banks to adapt new monitoring solutions that meet new trends.

CURRENT SITUATION

  • Card skimming
  • Compromised POS
  • Social engineering i.e phishing
  • No real time detection
  • Inability to prevention and detection
  • Little confidence in electronic payment systems usage by customers

FRAUDSTERS TARGETS

  • Human element
  • Card
  • Device
  • Country

THE SOLUTION OFFERS

  • High flexibility to load heterogeneous data from different sources. Combines Real time and batch rules for thorough protection.
  • User Process Analysis:- Identifying Screens/ Web pages and User Activity Events
  • Black/ White Lists:- add (or delete) specific entities (e.g. IP, country, account number, user-id, etc.) to white list, black lists or gray lists.
  • Real-time Transaction Blocking, HOLD/BLOCK/RELEASE mechanism/alerts.
  • Good reporting and case management system.