View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
  2. Company news
June 13, 2017

TSYS, Featurespace launch new fraud prevention solution

By Prasad

US-based credit card processor TSYS has launched a new fraud prevention tool – TSYS Foresight Score – in collaboration with Featurespace, a provider of adaptive behavioural analytics technology.

TSYS Foresight Score incorporates machine learning to enhance an issuer’s ability to fight transactional fraud.

It is powered by Featurespace’s platform, known as ARIC, which monitors user’s data in real-time, spotting differences to enable them to outsmart risk, protect their customers and increase revenue.

TSYS Foresight Score has been designed to identify subtle variances from predicted human behaviour, allowing it to more accurately predict new and unknown fraud types.

TSYS president and COO Pam Joseph said: “We are excited to add Foresight Score to our comprehensive suite of risk and fraud products.

“We are certain that it will help our clients detect and prevent more transactional fraud while at that same time reducing false-positive alerts — helping increase revenue and improve operational efficiency.”

Featurespace CEO Martina King said: “Our ARIC platform was specifically designed to help manage complex problems like transactional card fraud. Combined with TSYS’ industry experience, and robust client base, this product has tremendous potential in the fight against fraud.”

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU