NCR Corporation, a consumer transaction technologies provider, has launched the latest version of its Fractals enterprise fraud detection solution that provides new eBanking fraud detection, new fraud management features and an enhanced user interface.
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The latest release of Fractals, which is now available in Japanese, monitors financial transactions including payments and transfers as well as non-financial transactions, including login attempts, changes of personal data and creation of new recipients.
It also improves integration options with new ways of getting data into and out of the system, including flexible transaction and event mapping.
The solution allows more flexible batch fraud tagging, faster access to data across different perspectives in the system and also offers the flexibility to easily update languages.
The new version has been launched in response to requests from the Fractals customer base, highlighting NCR’s commitment to provide solutions that meet the needs of its user community.
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By GlobalDataAdditionally, the company’s has enhanced its Fraud Intelligence Hub via the integration of two new external data providers for IP intelligence and device reputation.
Fractals, which uses a combination of self-learning models and user defined rules to handle transactional fraud problem, is currently used by issuers, acquirers, processors, networks, PSPs, ISOs and merchants across the world for all retail payment types.
NCR said that Fractals allows clients to have total strategic control of their system without dependency on NCR. It also comprises cross product, cross channel, enterprise fraud detection and prevention.
The company added that Fractals uses Bayesian modelling approach to identify fraud accurately from any sized data set. It provides the most accurate level of fraud detection with lowest false positives to reduce the risk of real transactions being blocked and enhance customer experience.
