Payment fraud analytics
Boost the speed and accuracy of payment fraud detection with advanced fraud monitoring analytics & real-time data visualization.
Developed for payment environments, INETCO Insight for Payment Analytics empowers you to gain real-time insight on suspicious transaction patterns or activity and prevent financial crime.
Real-time analysis
Investigate suspicious payment activity instantly, whether it’s high-velocity transactions, EMV fallbacks, or suspicious card usage. View all your real-time data in a single platform to speed up incident resolution.
AML monitoring
Detect money laundering activity such as unusually large deposits or withdrawals in milliseconds. Improve AML compliance by knowing your customer better with the help of machine learning and behavioural analytics.
Future-ready fraud prevention
Stay resilient to sophisticated cyber attacks with predictive algorithms and machine learning capabilities that build customer profiles on the fly. Constantly monitor higher-risk products such as money orders or drafts.
Fraud analytics dashboard examples
SUSPICIOUS PAYMENT FRAUD TRANSACTIONS — WHEN IS EXCESSIVE FRAUD ACTIVITY OCCURRING?
Investigate high-velocity payment transaction volume patterns for ATMs using real-time fraud analytics. Identify patterns which indicate fraud such as when a card is being used at multiple locations simultaneously or when a card or customer ID is used for many high-value payment transactions, in a short amount of time, at the same device or application.
EMV FALLBACKS — WHEN ARE SIGNIFICANT FALLBACK PAYMENT TRANSACTIONS OR STAND-IN MODES OCCURRING?
Review merchant EMV fallback payments and high reversal patterns using fraud analytics. Investigate in real-time whether these are occurring due to an incorrectly configured chip reader terminal or a defective chip card. Avoid liability and shut down potential payment card fraud using a combination of real-time visualization, predictive algorithms and machine learning capabilities.
CONSOLIDATED CARD USAGE — WHICH CUSTOMERS ARE SHOWCASING ABNORMAL BEHAVIORS THAT INDICATE POTENTIAL PAYMENT FRAUD?
Use real-time fraud analytics to flag suspicious card usage such as a higher amount of card or account activity happening across payment channels. Build out a consolidated view of all payment transactions performed by a specific card or customer ID, and map these occurrences by location and time of day to help pinpoint fraud.
MONEY LAUNDERING — WHEN ARE UNUSUALLY LARGE WITHDRAWALS OR DEPOSITS OCCURRING?
Use real-time fraud detection analytics to investigate unusually large deposits or withdrawals. Isolate when a specific ATM device, card or customer ID experiences higher than normal payment transaction values. Detect in real-time when high-value payments are occurring using a higher-risk product service, such as a money order or bank draft.
CUSTOMER ACTIVITY — ARE THERE A SUSPICIOUS NUMBER OF REFUNDS BEING PERFORMED?
Segment the most active customers based on payment volumes, activity, and card types. Are there a large number of refunds or reversals being performed that could be indicators of payment fraud? Investigate suspicious patterns and activity with real-time data.