ARIC™ for Card Fraud Prevention

Fighting Card-Present and Card-Not-Present Fraud in Real Time

Card fraud represents a significant part of today’s payments landscape. Whether card present or card-not-present (CNP) transactions are concerned, not many months go by without new headline statistics showing the growing challenge that fraud poses to the financial services industry. High fraud losses, lost revenue and rising operational costs are a concern for any organization in this space.

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    Protect your business and your customers with ARIC Risk Hub

    • Zero model degradation
    • Automatically detect new types of fraud
    • Dramatically reduce false positives
    • Real-time processing and decisioning

    A holistic solution for card fraud prevention

    ARIC profiles customers holistically, pulling data from touchpoints across the customer journey, providing accurate risk scores for all types of card transactions, including (but not limited to): 

    • In-store card payments (including contactless)
    • Online shopping
    • MOTO (Mail & Telephone)
    • Mobile wallets and e-payments
    • ATM/Cash machine withdrawals

    Advanced behavioral anomaly detection

    Intuitive UI and safe test environment

    Ease of analytics and advanced reporting

    Changing habits

    Shopping habits are changing. Consumers expect convenience: anytime, anywhere, any amount, and on any device. The growing popularity of barrier-free payments methods such as contactless and online shopping opens up new opportunities for fraudsters.

    Balancing fraud and friction

    To reduce the fraud risk, the requirements for fraud controls are becoming increasingly complex. As they try to maintain high levels of customer acceptance with little to zero friction, most companies struggle to spot the anomalies, making it easier for fraudsters to hide.

    Case Study: Global Credit Card Issuer

    This Global Credit Card Issuer wanted a new system to detect and stop transaction fraud.

    Reduction in Genuine CNP Transactions Declined

    Fewer Genuine Transactions Declined

    Reduction in Fraud Losses

    The Challenge

    The company challenged Featurespace to provide a system that could:

    • Spot new types of fraud in real time
    • Improve customer acceptance
    • Reduce the number of false fraud alerts to avoid genuine transactions being declined
    • Automatically adapt for consistent performance with minimal manual intervention

    The Solution

    The ARIC Risk Hub was implemented to:

    • Monitor individual customer behavior: ARIC utilizes transactional channels to learn from individual spending habits
    • Increase customer acceptance: ARIC understands the legitimate behavior of individual customers, allowing them to make genuine transactions without interruptions
    • Identify and block new fraud attacks as they occur: ARIC detects anomalies in an individual's behavior that indicates fraudulent activity

    “Featurespace took the time to understand what we were trying to achieve, learn about our business and come up with a solution that is going to make a real difference to our business.”

    - Head of Fraud, Global Credit Card Issuer

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    Our Customers

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    Multi-Award Winning Fraud & Risk Management Solution