Fraud control

Velocity and limit checks

Have the provision for setting limits for each users/group. The limits include per day limit, per week limit, per month limit, minimum / maximum amount per transaction.

Detect frequent geo-location change

The solution triggers a fraud notification in case a transaction has originated from an unusual geo-location so customers can take an immediate action.

Transaction thresholds

Allows banks to automatically alert the customer whenever transactions exceeding a certain threshold are performed on the account. Any unusual account activities are also confirmed through SMS notifications so customers can take an immediate action.

Merchant limits

The solution allows banks to set limits on merchant transactions based on a merchant risk score. As a merchant scales up his business, his limits can be increased.

Negative list

Banks can add users’ mobile number , customer IDs and other parameters to a negative list so transactions originating from these suspicious profiles can be automatically blocked.