Falcon is a key component in the
fight against fraud. Falcon uses a neural network system that tracks
individual cardholders, transactions, and merchant data to accurately
detect fraud trends. The Falcon system also does all its tracking in
real time, meaning fraud can be prevented before it happens. Falcon is
capable of blocking fraudulent transactions quickly and is done by using
a real time scoring of all transactions to determine the likelihood of
fraud occurring. Any transactions that are considered high risk fraud are
given a case number and closely monitored by a fraud analyst. Falcon is
functional 365 X 24 X 7.
Secured Debit is a solution that
has the added enhancement of indemnity. Now member credit unions have
the ability to limit their fraud exposure regardless of how often they
experience fraud. The indemnity requires a $50 deductible once fraud has
been detected on an account and the rest of the loss is absorbed. This
tool brings a "peace of mind" that is cutting edge in the fight against
fraud.
Address Verification Service (AVS)
reduces mail and telephone order fraud by verifying the address of the
customer with the billing address.
Card Activation allows issuers to
send inactive cards to cardholders with instructions to call an 800
number to activate the card. This ensures, through verifying the
identity of the user, that they are the legitimate owner on the account.
This fraud solution reduces fraud associated with (NRI) never received
issue category.
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 (CVV) and Card
Validation Code (CVC) is an encoding in the card's magnetic strip
that Visa (CVV) and MasterCard (CVC) use to match against the host
system in the authorization process.
Card Value Validation 2 (CVV2) and
Card Validation Code 2 (CVC2) is a three digit value appearing on
the back of the card that provides a cryptographic check of the
information embossed on the card. This validates that a member has a
genuine Visa/MasterCard in their possession and that the account is
legitimate.
Compromise Manager is a full-service solution to handle compromised accounts for account blocking, decisioning, plastics reissuance, cardholder notification and account monitoring for both Visa alerts and MasterCard events. This secure online application will import alert and event data directly from Visa and MasterCard and will provide you with account-level detail for each identified account. Compromise Manager mitigates losses for your credit union and allows you to make compromised account decisions quickly.
Compromised Account Management
Services (CAMS) is a Visa service that provides alerts on
specific accounts that may be compromised.
Compromised Account Notification
Services (CANS) is a MasterCard service that provides alerts on specific
accounts that may be compromised.
MasterCard Secure provides a new
level of security for internet based transactions. MasterCard Secure
requires a secret password to be placed in a designated field before any
e-commerce transactions will be honored. For more information, log onto
www.mastercard.com/securityandbasics/index.html .
Name Mismatch enables the
cardholder's name on Track 1 to be matched to the name on the account
record during the authorization process.
Patriot Guard is a turn key web
based identity verification system. It addresses all four compliance
components required by the Patriot Act. It has access to over 16 billion
records to secure an accurate cost effect approach to your compliance
requirements.
Verified by Visa provides a new
level of security for internet based transactions. Verified by Visa
requires a secret password to be placed in a designated field before any
e-commerce transactions will be honored. For more information, log onto
www.visa.com/verified .
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