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ASA's ScorXPRESS® fraud detection solution embeds powerful technologies like statistics, neural networks, with unique automation for the development of custom tailored fraud models.
Using fraud model scores in combination with configurable business rules, adds a critical layer of protection to an overall fraud management strategy.
Both model scores and business rules can be easily integrated into most application and transaction processing systems, making ScorXPRESS® a valuable addition to your current fraud management system. Typical applications using ScorXPRESS® are:
A comprehensive fraud management program starts with solid protection at the application level.
Preventing fraud at the application (True Name) level reduces the overall exposure for additional fraud such as authorization and transaction fraud.
Using ScorXPRESS®, businesses can develop highly predictive application fraud models to act as a gatekeeper in the application process.
Using historical application data and credit bureau histories to build models, a scoring routine determines the good applications from the fraudulent ones.
Scores coupled with business rules, adds additional checkpoints to fine tune fraud prevention practices and reduce verification costs.
Using ScorXPRESS® to develop transaction fraud models offers credit card providers a fraud strategy management option in determining legitimate transactions from the 'grey' unidentified and fraudulent transactions.
ScorXPRESS® uses statistical and neural network technologies to analyze the relationships between various data fields to identify suspicious orders and detect deviations from normal behavior.
Models distinguish in real-time, the likelihood that a transaction is fraudulent.
The resultant fraud probability scores can be integrated to the core transaction system for use by analysts or for automatic disposition of the transaction authorization.
Stopping fraud at the authorization level adds another layer of protection to a fraud prevention strategy.
Using authorization records related to your most recent fraud cases, ScorXPRESS® can determine the patterns and relationships associated specifically with authorization fraud.
The resultant fraud model combined with any additional business rules can be integrated within the authorization process to catch more frauds before they happen.
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