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ABA recommends Rippleshot technology to reduce bank fraud

Thursday 23 June 2016 07:52 CET | News

The American Bankers Association (ABA) has announced its endorsement of a card compromise detection tool, Rippleshot Sonar to reduce bank fraud losses and costly card re-issuances.

ABA believes Rippleshot is transforming the way that banks detect fraud through a cloud-based technology solution that leverages machine learning and data analytics to distinguish fraudulent activity quickly.

Rippleshot’s technology processes millions of payment card transactions to detect when and where a data breach occurred. Following detection, Rippleshot provides banks with the tools they need to update fraud detection rules in order to lower their fraud losses while avoiding unnecessary card re-issuance.

Rippleshot is a company which helps banks, merchants and processors to monitor fraudulent activity and implement fraud risk management strategies when card compromises do occur.


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Keywords: bank fraud, banking, cards, cloud-based technology, machine learning, data analytics, data breach, ABA, Rippleshot
Categories: Fraud & Financial Crime
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Countries: World
This article is part of category

Fraud & Financial Crime






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