Risk & Fraud Management

Future proof fraud management

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.

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.

 Downloads

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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Case Studies

Banca Transilvania

Learn how customers of Banca Transilvania are reaping the benefits of BT’s SmartVista-powered systems.

Alfa-Bank

Learn how the combination of Alfa-Bank’s in-depth fraud expertise and SmartGuard’s capabilities has been highly effective, driving down fraud rates and preventing up to US$1 million per week in losses.

Monétique Tunisie 

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.

Sberbank

Learn how Sberbank and BPC have built a successful partnership that has endured for over 19 years. The two organisations liaise closely to keep Sberbank at the forefront of innovation and to keep its business secure.

State Bank of Mauritius

Learn how the new platform at State Bank of Mauritius delivered quantifiable benefits almost immediately.

Telered

Learn how Panama’s national switch, Telered, is responding to rapid evolution in the payments market by replacing its legacy infrastructure with SmartVista.

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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

New fraud tactics require new prevention measures

Fraudsters are getting more and more organized and have started more sophisticated and targeted attacks on financial systems over the last couple of years. With the overall payment ecosystem getting more complex, fraud has become increasingly difficult to detect and prevent. On the other hand, computing power is cheaper than ever and technologies such as…

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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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Mastering the challenges of frictionless fare collection

Mobility is one of the key success factors for economic growth and therefore, it is one of the core themes that local authorities and public transportation companies need to address when working towards more sustainable cities. Investing in a good public transport infrastructure is only part of the equation. Making the city (and its public…

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