Electronic Switching Platform: ESP-Link™ Fraud Prevention Solution (FPS)
FPS is a fully integrated fraud management solution developed to assist financial institutions in reducing fraudulent activity in the card business. FPS enables the institution to define and manage parameters in accordance with, and beyond, Payment Association requirements. Further, FPS allows the institution to Prevent, Alert, and Detect (PAD) suspicious activity.
As part of our ESP-Link™ Suite of products, FPS seamlessly integrates with the Comprehensive Card Solution (CCS) and the Financial Transaction Solution (FTS), with no impact on the overall system performance of the suite. FPS may also be utilized and maintained separately as a standalone software solution.
Manages both issuer and acquirer transactions
Controls all suspicious activity and flags all threats to the card business
Processes issuer transactions, allowing the institution to decline suspicious transactions, deliver a "capture card" response code, or notify the cardholder
Allows the institution to modify rules or threshold values dynamically
Initiates alerts that include all suspicious transaction details, card number, transaction details, and a description of the threshold breached
Allows business departments to define, revise, and assign specific real-time alerts to particular individuals or business units
Offers a wide range of exception, detailed, summary, analytical, and statistical reports
Provides detailed reports on defined parameters and thresholds within the Fraud Prevention Solution
FPS is fully integrated with Financial Transaction Solutions to prevent fraudulent transactions. The integration uses web services and Java Messaging Services, delivering two key advantages: Flexibility and Performance.
FPS may be installed on a separate server, operated by a different support group, and configured and monitored independently.
FPS receives the request from FTS (Switch), calculates the fraud score value, and returns the score and advice to approve or decline the transaction via web service. All calculations are performed on a separate server and database. FPS does not impact the performance of FTS. The calculation of the fraud score involves only database queries, and all necessary database updates are completed outside of the authorization request/response cycle.
Based in Toronto, Ontario, Canada, Bevertec CST Inc. has been providing staffing and banking software solutions to institutions around the world since 1981. We also serve clients outside of Canada, across North America, South America, Central America, Asia, Africa, Europe, the Middle East, and the Caribbean.