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SAS® Fraud Management: Cards
Real-time protection against card fraud
Worldwide losses from payment card fraud continue to rise – another symptom of an ailing world economy that has banks reeling.
SAS Fraud Management: Cards, developed in partnership with HSBC, is the only solution on the market that can stop fraud in its tracks with real-time scoring of all card transactions – purchase, payment and nonmonetary – for faster, more accurate fraud detection on a global scale.
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Benefits of SAS® Fraud Management: Cards
As the most complete fraud detection system available today, SAS Fraud Management: Cards enables you to:
- Better protect your customers and reduce fraud losses. Score 100 percent of all transactions in real time at the point of sale (POS).
- Use all available data. Only the SAS solution lets you use all available data – account, payment and nonmonetary – in your fraud decisioning process.
- Establish an enterprisewide framework. With SAS, you get a complete, enterprisewide fraud framework for transaction decisioning and beyond. You can start with the areas that are most critical and add on as needs arise.
- Take advantage of the latest anti-fraud measures. SAS puts the latest technology at your fingertips, including chip and PIN technology, enabling you to stay on top of constantly evolving fraud trends.
- Test and implement the most expansive and predictive set of fraud models. With SAS, you get a single platform that enables you to take advantage of the most expansive and predictive set of fraud models available.
- Link and simultaneously monitor multiple accounts. The SAS solution lets you link and simultaneously monitor multiple accounts – regardless of type – belonging to the same cardholder.
- Run multiple organizations or hierarchies within a single instance. SAS enables multiple organizations or hierarchies to share elements while remaining logically separated.
- Deploy the solution across multiple sites easily and at low cost. The SAS solution's zero-footprint technology enables you to deploy the solution across multiple sites without high associated costs.
- Accommodate different fraud strategies and operational requirements. The solution's flexible architecture lets you use different fraud strategies and operational requirements across multiple portfolios and product lines.
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Features of SAS® Fraud Management: Cards
SAS Fraud Management: Cards is a next-generation, enterprisewide fraud detection solution. Built on SAS’ proven, advanced platform, the solution provides:
- On-demand transaction scoring.
- Score all transactions on demand – purchase, payment and nonmonetary.
- Sub-second response time.
- Sustained high throughput.
- Powerful, advanced analytics, modeling platform and decision engine.
- Advanced neural network modeling for faster, better fraud detection.
- Hybrid modeling, which integrates pooled consortium data into bank-specific models.
- Champion/challenger functionality.
- Ability to deploy and monitor multiple fraud models.
- Seamless, real-time integration with authorization systems.
- Extensive rule-writing, powerful reporting capabilities.
- Includes client-configurable API.
- Robust, flexible case management and analyst environments.
- Expand customer information and decision making into multiple business lines.
- Monitor multiple accounts belonging to the same account holder.
How SAS Fraud Management: Cards Is Different
No other system available provides the depth and breadth of coverage you get with SAS Fraud Management: Cards.
- Inclusion of all available data types – customer, household, merchant, cycle-cut, third-party and issuer-specific data; authorizations; deposits; and non-monetary transactions – in the modeling process.
- Powerful, advanced analytics, including:
- Advanced neural network modeling.
- Hybrid modeling, which integrates pooled consortium data into bank-specific models.
- A unique "signatures" approach that captures cardholder behavior from every source and evaluates that information every time a transaction is scored.
- Champion/challenger functionality.
- Ability to deploy and monitor multiple fraud models.
- Sub-second response time with sustained high throughput.
- Seamless, real-time integration with authorization systems across the globe.
- Extensive rule-writing and powerful reporting capabilities, including a client-configurable API.
- Robust, flexible case management and analyst environments for expanding customer information and decision making into multiple business lines.
Proven Success
- An 87 percent increase in the number of data items processed, including card transactions and customer information.
- A corresponding reduction of 12 percent in mainframe processing overhead.
- A 53 percent decrease in mainframe processing cost per data item.
- A 30 percent decrease in the computing resource cost of processing card transactions flagged as potentially fraudulent.
- A 10 percent increase in efficiency by agents investigating potentially fraudulent cases when compared to the proprietary case management system.
- Reduced IT support costs following the elimination of three software applications.
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Looking for more information on fraud management?
Ready to put THE POWER TO KNOW® to work for you?
- Contact your local SAS office or call us toll free at 1-800-727-0025 (U.S. and Canada).
- Contact SAS for pricing information and to learn more about our products and solutions.
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Industries
Aerospace
