Fractals is a leading intelligent fraud detection and prevention product. It delivers value to all players in the transaction chain - issuers, acquirers, processors, networks, PSPs, ISOs and merchants - and for all product types - credit, debit, prepaid or gift card - through a combination of self learning models and user defined rules.
Fractals can tackle any type of transactional fraud problem including cross product, cross channel, enterprise fraud detection and prevention. It will handle transactions from any channel from ATM and POS to internet and mobile. And covers all account and product types.
Fractals is a multi-organisation, multi-hierarchy, multi-channel, multi-currency solution.
Rare among fraud detection solutions, Fractals is PA-DSS certified.
Fractals enables the knowledge and experience of fraud analysts to be combined with intelligent models that are automatically calibrated using Alaric’s proprietary inference techniques based on Bayesian methods.
Fractals has multi-level rules, which are rules that can act on the outcome of other rules, as well as transaction data and model scores, to produce actionable authorization decisions.
Fractals fraud models are self-learning – meaning that they self-adapt as soon as a fraud analyst marks a transaction as being fraudulent. Self-learning models deliver a huge improvement in detection rate, a much reduced false positive ratio and a high rate of fraud detection on the first fraud in a run.
Self-learning models combined with true real-time, in-flight fraud blocking, deliver exceptional fraud savings.
Integration is a costly and time consuming stumbling block for most fraud solution suppliers. But Alaric is different - it is expert in integrating payment systems as well as fraud.
Fractals includes Alaric’s integration technology, Message Mapper, which enables interfaces between systems to be configured rapidly, usually without any programming. This means that Fractals can be up and running very quickly, fully integrated with internal systems and external data feeds including in-flight fraud blocking.
For clients using Authentic, true real-time, in-flight integration with Fractals is available out-of-the-box.