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Foresight Score was a game changer for us – truly transformational. We reduced our market share of fraud and could finally get our heads up and begin innovating again.
TSYS is a Global Payments company (NYSE: GPN) and a leading provider of seamless, secure and innovative solutions for payment card issuers, financial institutions and retail companies in approximately 80 countries worldwide.
TSYS’s vision is to keep pushing payments technology forward, which is why they’ve partnered with Featurespace for smarter, more secure payment solutions. Through the partnership, Featurespace has helped TSYS implement a number of industry-leading solutions, including TSYS Foresight Score℠ a machine learning transactional fraud scoring system, as well as TSYS Smart Secure, a product developed to provide a 3DS option for authenticating transactions at the point of sale.
Both solutions are built with Featurespace’s proprietary Adaptive Behavioral Analytics engine at its core and combines statistical algorithms with advanced machine learning that monitors individual transactions — one customer at a time — to deliver real-time decision capabilities.
3:1
For every genuine fraud attack, only 3 customer transactions were interrupted.
6:1
And for every genuine fraud attack identified in a digital transaction, only 6 customer transactions were interrupted.
Featurespace’s Adaptive Behavioral Analytics enabled simultaneous false positive reduction and increased
accurate fraud detection.
