SOLAR Fraud Prevention - Complete Protection for Your Transactions

SOLAR Fraud Prevention, designed for issuers, acquirers and processors, gives you control over your payments and prevents fraud across all transaction channels. Transactions are assigned to risk categories through customisable rules based on client transaction parameters, history and other information such as client standard behaviours.

COVERING ALL CHANNELS

SOLAR Fraud Prevention includes interfaces with all major banking information systems whose data contribute to improving transaction security:

  • Card processing systems.
  • Remote banking channels, retail banking systems, and others.

Information from these systems are used in risk analysis and assigning actions such as:

  • Tagging for monitoring and follow-up calls.
  • Declining.
  • Sending a notification (SMS or email) to the client or a bank’s security centre.
  • Adding customers, cards and merchants to a blacklist.

FLEXIBLE AND EASY RULES SETUP

SOLAR Fraud Prevention analyses transactions based on configured rules, which can use both transaction parameters and the client’s transaction history within an adjustable time period. No programming knowledge is necessary to set up rules, as they are configured through setup pages accessed from the administrator workplace. Built-in analytics based on machine learning fetches data on rules usage and helps pinpoint the ineffective or outdated ones.

RULES TESTING AND NEW STRATEGIES

As financial crimes become more and more complex with time, your employees will need to configure new strategies for fraud prevention. Here, SOLAR Fraud Prevention becomes your ally. We built a testing system at the solution core level that lets you safely develop new strategies and analyse their readiness for commercial use in operational conditions, without affecting either the customer or the authorisation process.

If needed, SOLAR Fraud Prevention can be equipped with SOLAR Case Management or a standard interface to your case management system. Fraud Prevention opens a case for every suspected fraudulent transaction, which can include similar transactions occurring within a close time span.

WE´VE GOT THE INTERNET COVERED

SOLAR Fraud Prevention is equipped with modules for online transactions and payments tracking. Rules can be set up to include devices used to make such payments, their IP addresses and other relevant information.

ANYONE CAN GET CONNECTED

SOLAR Fraud Prevention is an independent system that has been created to enhance your transaction support solutions, regardless of whether they have been built on SOLAR components or those of other companies. SOLAR Fraud Prevention can be integrated to exchange information on risk cases through set of interfaces customised for the specific layout of your information system landscape.

AUTHORISATIONS NEVER SLOW DOWN

SOLAR Fraud Prevention is quick and stores data compactly. This is important, because as the number of rules increases, the more resources are needed for quality risk analysis. SOLAR Fraud Prevention is horizontally scalable and several basic features contribute to its speed:

  • Processes are run separately and parallel to authorisation activities, so there is no impact on authorisation.
  • Analysis time is tracked and the administrator is alerted when recommended time limits have been reached.
  • Guaranteed response time can be configured.

TRACK ALL CARDS AND DEVICES

SOLAR Fraud Prevention is a powerful, state-of-the-art solution for preventing payment fraud and helping you to take control over your transactions as an issuer, acquirer, or a different role entirely. With SOLAR Fraud Prevention, you can configure strategies for maintaining secure interactions between you and all the counterparties involved in the payment process.

With each installation, we offer pre-configured sets of monitoring rules, selected by our experts based on their experience and the discovery session with your team.

We are confident that solar fraud prevention will provide unfailing protection as you navigate the global payments world. Contact us, we're happy to organize a demonstration and answer your questions in detail.