Why TraProtect?
In response to new market trends, payment solutions must be open, simple, and fast, while ensuring enhanced protection against fraud. The most effective approach is to establish a team of investigation experts equipped with a Fraud Prevention and Detection platform, combining: A real-time prevention system (FPS), based on business rules and data mining algorithms evaluating customer behaviors.A near real-time detection system (FDS), using data mining to classify authorized transactions as fraudulent or legitimate.
What is TraProtect?
TraProtect is a multi-channel, multi-activity, and multi-level platform for real-time prevention and detection of fraud in financial transactions, specifically designed for monitoring electronic payment transactions.
Who is TraProtect intended for?
TraProtect can be used by any institution handling electronic payment transactions:
- Merchants or chains of merchants
- Acquirers
- Payment systems
- Issuers
- Processing centers
Key features of TraProtect
Expert System (known patterns)
Configurable business rules analyze transactions in real time to detect known patterns and immediately block those at high risk.
Machine Learning (behavior change)
Scoring rules that evaluate in real-time the risk based on changes in the behaviors of different actors (holder, merchant, agent, ...).
Workflow (investigation)
Post-investigation system, just after the granting of authorizations, to analyze risks and detect potential attacks or vulnerabilities in a timely manner.