Fighting Card-Present and Card-Not-Present Fraud in Real Time
The growing popularity of barrier-free payments methods such as contactless and online shopping opens up new opportunities for fraudsters.
ARIC™ Risk Hub for Card Fraud Prevention enables the highest levels of customer acceptance, with little to zero friction, while identifying and blocking new fraud attacks as they occur.
Featurespace’s newly launched Automated Deep Behavioral Networks, is the next generation for card fraud prevention offering an enhanced layer of protection from scams, account takeover, card and payments fraud.
ARIC profiles customers holistically, pulling data from touchpoints across the customer journey in real time, providing accurate risk scores for all types of card transactions as the customer interacts with the business.
The ability to understand a customer’s ‘normal’ behavior, enables ARIC to accurately separate ‘good’ behavior from ‘bad’, stopping fraud in its tracks while the reducing the number of genuine transactions declined. ARIC’s self-learning models automatically retune which eliminates the need for retraining.
Next generation machine learning, Automated Deep Behavioral Networks, delivers superior card fraud detection rates on top of already market-leading results, learning the best and most optimal features directly from data. Models adapt and learn in real-time, providing even better understanding of the subtleties in behavior for improved accuracy.
ARIC Risk Hub scores all types of card transactions, ingesting data from a variety of internal and external sources, protecting against all card fraud typologies, including (but not limited to):
ARIC Risk Hub for Card Fraud is also available as a White Label product.
Provide real-time fraud protection with machine learning to your clients, while opening new revenue streams for your business.Learn more about ARIC White Label
Multi-tenancy enables businesses to service everyone from small customers to a large enterprise. Its architecture allows a single instance of a software application to service multiple customers or tenants.
Easy Onboarding of Clients
Instead of having to update every instance of ARIC across a large number of servers, multi-tenancy enables easy roll out of updates from a central application.
Analytics Configuration Groups
With multi-tenancy you can provide specific analytics for a group of tenants while maintaining an underlying service which remains constant for all tenants.
Segregation of Data
Segregate data according to business and security rules – ensure that tenants do not see the data of other tenants.
This Global Credit Card Issuer wanted a new system to detect and stop transaction fraud.
80% Reduction in Genuine CNP Transactions Declined
70% Fewer Genuine Transactions Declined
40% Reduction in Fraud Losses
The company challenged Featurespace to provide a system that could:
The ARIC Risk Hub was implemented to:
“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