Fraud not only causes financial loss, it can significantly affect brand reputation and drives customer attrition.
According to a Nilson report, by 2020 global card fraud losses will exceed $35 billion despite the introduction of EMV. Fraud is shifting to the ‘card not present’ environment, targeting individuals and businesses alike, and fraud attempts and cyber-attacks start to focus on new payments technologies.
Payment service providers need to mitigate fraud risk, analyse each transaction in real-time and monitor fraud across all their channels. Even though each channel has its characteristics and specific fraud risks, there is a lot of benefit in managing fraud detection and prevention across all channels.
BPC’s advanced fraud prevention solution helps card issuers and acquirers combat the growing threat by monitoring 100% of transactions, online, in real-time across all channels. The powerful and flexible rules engine ensures that you can rapidly implement monitoring policies.
Rather than sampling transactions, hoping to catch fraud after it happens, SmartGuard monitors 100% of transactions in real-time so you can stop fraud before it takes place. If a suspicious transaction is detected SmartGuard helps you automatically contact your customer through a range of channels, including email and SMS.
By proactively contacting customers rather than blocking their cards, you can turn a potentially embarrassing situation for them into a positive experience – reinforcing the reasons why they placed their trust in your brand. SmartGuard users have reported saving $1 million per month with the solution.
SATIM wanted to increase the level of functionality of its services and ensure its network would not experience any form of interruption.
BPC powered new functionality and ensured stability of the clients network, increasing availability and allowing network expansion through the country.
ZB Bank wanted to develop a fully functional processing center in-house with features built-in rather than standalone add-ons.
The BPC solution provided it and extended the variety of cards issued by the bank, which now offers VISA, local ZB Bank cards, prepaid chip cards, and cashback cards.
Learn how customers of Banca Transilvania are reaping the benefits of BT’s SmartVista-powered systems.
Learn how Monétique Tunisie creates its own custom ATM scenarios and streamlined it's company’s operations, bringing transparency to all its transaction flows, international payment systems authorizations and inter banking relations.
Learn how the new platform at State Bank of Mauritius delivered quantifiable benefits almost immediately.
Learn how Panama’s national switch, Telered, is responding to rapid evolution in the payments market by replacing its legacy infrastructure with SmartVista.
Learn how DSK wanted a comprehensive fraud prevention system to ensure the safety of its customers and their accounts and cards and replaced its legacy infrastructure with SmartVista.
CPBank required a system flexible enough to support different areas of business and support its growth. It wanted to improve its ATM functionality to match improvements in its card management capabilities.
BPC has introduced new switching capabilities, and ac ard Management system with card generation and issuing options, as well as expanding the bank’s portfolio of cards issued.
Learn more on how WeNet chose BPC’s SmartVista platform to develop its Instant Transfer Scheme (ITS) for real time retail payments and the National Switch for card payments in Yemen.
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