Fiserv, a financial services technology company, has collaborated with fraud analytics firm Rippleshot to bring the Card Risk Office Fraud Warning technology to market.

The technology is an early breach detection solution developed to enable identification of potential card-related fraud events about 30-60 days before network alerts.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The solution provides financial institutions with information needed to detect fraud quickly and gain visibility to data on localised events that may not have been previously investigated.

Fiserv is set to use this data obtained through machine learning to inform and strengthen risk mitigation strategies, and plans to offer the solution to more than 2,400 clients of Card Risk Office.

The company said that the data can be used by financial institutions to boost proactive card fraud mitigation approaches, while the Fraud Warning technology enables them to optimise card reissues post breaches, minimise payment friction and losses and improve current risk rules.

A risk score can also be applied to each card to determine trends and the chances of fraud related to that particular card.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Fiserv vice-president of product strategy for card services Patrick Davie said: “The most important innovations we bring our clients are intelligent security solutions that help safeguard their cardholders, and Fraud Warning will enable financial institutions to minimise the negative impacts and resulting revenue loss associated with card fraud, while maximising the cardholder experience.”