Risk & Fraud Management

Future proof fraud management

Fraud not only causes financial loss, it can significantly affect brand reputation and drives customer attrition.

Aaccording tot 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.

Ever vigilant, 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.

Advanced fraud detection and prevention

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.

Delight customers and save money

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.

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The SmartVista Fraud Management solution covers real-time transaction monitoring and allows performing statistics profiling on any level – card, terminal, merchant or device. The analytics tool includes a robust business-driven rules engine for transaction scoring and applies machine learning techniques for fraud analytics and modelling.

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Discover our other Smart Vista Solutions

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Switch

With Switch from BPC, issuers, acquirers and processors can manage the fast-moving payments landscape and deliver the best levels of service to their customers.

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Instant payments

BPC ‘s SmartVista payment hub centralizes the processing of all payments at a bank, whether they be Card, Real-time, ACH or any other form of payment.

Read our blogposts on this topic

Open Banking as an opportunity for retailers

Open banking is set to have a major impact on the financial services industry. In the last few years, open APIs have gained traction and financial institutions are revisiting their channel and partner strategies accordingly. The revised Payment Service Directive, known as PSD2, is one of the driving forces behind this evolution. The European Commission…

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Making the difference in East Africa

BPC receives yet another award! This month we received yet another award from The Banker Africa. Now, BPC is recognized in two regions as ‘the Best Payments Solution Provider’ – South and East Africa. The value that we add to our customers in these regions is through a combination of the completeness of our product…

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