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Fractals Faster Payments
- Fractals FP is variant of Fractals specifically configured to cope with the demands of U.K. Faster Payments which, with the removal of the float period, will leave very little time for fraudulent transfers to be intercepted and blocked. Fractals FP integrates with a bank’s systems to build a holistic view of behaviour on customer accounts and transfers, identify and alert suspicious patterns and intercept fraud in real time.
- Real time card fraud detection is absolutely essential for many institutions in their fight against fraud. To achieve real time fraud detection it is necessary for the fraud scoring engine and the institution's card authorization system to be intimately integrated, so that the fraud scoring engine sees and processes transactions as they appear, on-the-fly in real time.
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Integration issues
Such integration is conventionally achieved by making considerable modifications to the institution's card authorization system, which, itself is more often than not a legacy application, not readily amenable to change. Thus, achieving real time integration is normally time consuming and expensive. -
Zero footprint real time integration from Alaric
Alaric is unique in that it is highly experienced in both fraud detection and integration of payments systems. Alaric has brought its skills to bear on the problem of real time integration and offers a package consisting of Fractals plus selected components from Authentic which, in many situations, enables a real time fraud detection solution to be implemented with negligible change being required to the institution's incumbent authorization system.
