Alaric Launches The First Multiple Data Source System To Combat Online Fraud
April 2012 by Emmanuelle Lamandé
Alaric International has announced the launch of Fractals FIH (Fraud Integration Hub), the first system to combine multiple internal and external data sources to combat online fraud. The real-time system, which is designed to protect online merchants and payment service providers, is also the first fraud prevention system to be PA-DSS (Payment Application–Data Security Standard) certified.
By readily integrating a client’s existing internal feeds with multiple external data sources, Fractals FIH acts as a centralised fraud prevention hub that uses the latest holistic techniques to combat Card Not Present (CNP) fraud in real time. The highly scalable system also includes a fully configurable alert and case management capability and a centralised transaction data warehouse.
As Fractals FIH integrates a client’s own internal systems and data streams with multiple ‘best-of-breed’ external datasets that are available in real time, the highest possible levels of fraud detection and prevention are ensured. The system’s multi-channel mapping and integration abilities deliver this by enabling users to create their own fraud detection rules. These rules are created easily using Fractal’s browser-based GUI interface. In addition, the external datasets used in the process can be updated or added to, at any point, to match the user’s specific requirements. Client-specific, automated mathematical CNP fraud detection models can also be used alongside the rules-based fraud detection deployed.