Fraud detection technology of Actimize tested by MasterCard

[img_assist|nid=9023|title=|desc=|link=none|align=left|width=100|height=67]In a move to enhance its ATM and Debit fraud detection capabilities for issuers MasterCard is deploying the technology of NICE Systems’ Actimize, a leading provider of transactional risk management software for the financial services industry.

Not long ago Actimize upgraded its debit fraud solution by acquiring proven analytic models which are being used today MasterCard in its Fraud Monitor service, a real-time risk scoring and fraud prevention service for PIN-based transactions offered by MasterCard to its customers.

MasterCard is just one out of other card issuers that use and test the technology which proved efficient in fighting ATM and debit fraud across multiple card brands and geographies.

The unique feature of the Actimize fraud detection analytics is that their multi-dimensional profiles can be created and updated in real time to detect suspicious activities at the card, device, account level and many other dimensions.