The newly introduced tool organisations to detect and prevent card not present (CNP) fraud. FIH allows clients to write fraud detection rules and to use fraud detection models which span data from both clients’ internal systems and from specialist third party SaaS data providers for fraud indicators such as device identification/reputation, IP geo-location, mobile location and address verification.
FIH incorporates Alaric’s Message Mapper product and it is expected to be PA-DSS (Payment Application–Data Security Standard) certified. Additionally, FIH includes a configurable alert and case management capability and a centralised transaction data warehouse which clients can use for data mining, research and CRM purposes.
Alaric offers financial institutions such services as payments authorisation, payments integration as well as fraud detection.
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