Monitor merchant onboarding and transactional behavior to proactively identify anomalous chargeback and bust-out activity.
Online merchant acquisition has become an increasingly precarious business putting high demand on approving merchants in real time. Featurespace has years of experience as a technology partner to merchants and acquirers to combat the sophisticated fraud schemes used to commit Merchant Acquiring Fraud.
Historically, legacy systems have undertaken merchant acquiring and transaction monitoring at a summary level. ARIC Risk Hub instead analyzes and risk scores every individual transaction in real time – stopping more fraud with fewer alerts. The result is minimal negative impact to your genuine merchants and higher payment conversion with reduced risk.
ARIC Risk Hub combines the power of Adaptive Behavioral Analytics and real-time machine learning to truly understand ‘good’ behavior. By combining transactional event and merchant information with behavioral data, Featurespace customers are able to monitor and identify merchant risk for even the most complex types of fraud such as transactional laundering, scheme breach and merchant bust out.
Fraud poses a constant challenge to acquirers and merchants, increasing the need to fight fraudsters with best-in-class technology.
ARIC Risk Hub protects you and your merchants against all merchant acquiring fraud typologies, including (but not limited to):
Did you know, ARIC Risk Hub for Merchant Acquiring Fraud is also available as a White Label product?
Provide real-time fraud protection with the very best machine learning to your clients, 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.
A Global Payments Processor
This Global Payments Processor is among the largest credit card processors in the US and one of the top acquirers in the European marketplace. The organization supports the payment needs of over 1 million merchant locations, processing over 3 billion transactions annually.
98% Reduction in Genuine CNP Transactions Declined
81% Fewer Genuine Transactions Declined
50% Reduction in Fraud Losses
The Global Payments Processor wanted to protect its merchants from fraud, and protect itself from fraudulent merchants. The processor challenged Featurespace to provide a solution that would:
With Featurespace’s ARIC Risk Hub, the Global Payments Processor is now able to:
A European Payments Processor
This European Payments Processor is one of the fastest growing global acquiring networks. Providing their customers with a secure, international
payment processing platform, they wanted a real time, proactive risk management system that could also reduce the number of alerts flagged for
manual review while reducing false positives and catching more fraud.
50% increase in the value of fraud identified
81% reduction in alerts: from >1,000 to <200 per day
98% reduction in false positives (genuine transactions declined)
The company challenged Featurespace to provide a system that could:
The ARIC Risk Hub was implemented to: