Falcon is our key component in the
fight against fraud. Falcon uses Fair Isaac's neural network system to
track individual cardholder's transactions and merchant data to
accurately detect fraud trends. Falcon is capable of blocking fraudulent
transactions quickly. Any transaction considered high risk fraud will be
given a case number and closely monitored by a fraud analyst. Falcon is
functional 365 X 24 X 7.
Card Alert Fraud Manager is used
to fight losses by submitting fraud patterns into a database to create
alerts that may be indicative of card schemes.
Card Expiration Mismatch reduces
fraud through the mail, point of sale, and telephone by verifying the
expiration date on the card against the expiration date on file during
the authorization request.
Card Value Validation is encoding
in the cards magnetic strip that processors use to match against the
host system in the authorization process.
Daily Limits allow credit unions
to place velocity limits and daily withdrawal limits on ATM programs.
This solution is used to minimize the damage of a lost/stolen card.
Deposit Alert from Fair Isaac
Corporation provides member credit unions with a risk management tool to
track deposits and withdrawal activity. This solution tool is used to
target fraudulent withdrawals, empty envelope deposits, and check
kiting.
Mail Integration reduces mail
fraud by mixing new and reissued cards with other forms of mail on a
daily basis.
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