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Worldwide losses from payment card fraud reached US$4.84 billion in 2006, a clear indicator of the fraud problem that most banks face.
SAS Fraud Management can change all that. Developed in partnership with HSBC, SAS Fraud Management 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 non-monetary – for faster, more accurate fraud detection on a global scale.
How SAS Fraud Management Can Help
As the most complete fraud detection system available today, SAS Fraud Management enables you to:
- Better protect your customers and reduce fraud losses by scoring 100 percent of all transactions in real time at the POS.
- Use all available data – account, payment and non-monetary – in your fraud decisioning process.
- Establish an enterprisewide framework for transaction decisioning.
- Take advantage of the latest anti-fraud measures, including chip and PIN technology.
- Test and implement the most expansive and predictive set of fraud models possible on a single platform.
- Link and simultaneously monitor multiple accounts, regardless of type, belonging to the same cardholder.
- Run multiple organizations or hierarchies within a single instance, enabling them to share elements while remaining logically segregated.
- Deploy the solution across multiple sites easily and at low cost, thanks to its zero-footprint technology.
- Accommodate different fraud strategies and operational requirements for multiple portfolios and product lines with the solution’s flexible system architecture.
How SAS Fraud Management Is Different
No other system available provides the depth and breadth of coverage you get with SAS Fraud Management:
- 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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Industries
Aerospace
