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Payments Business Article: Combatting fraud with centralized data

The Greek philosopher Aristotle once said, “The whole is greater than the sum of its parts.” When it comes to guaranteeing that every payment transaction completes as expected, this statement could not be more accurate. For retail banks, independent ATM deployers (IADs) and payment processors, transactions are the lifeblood of their businesses.

INETCO Insight - Use cases to help you drive more business value from customer transaction data

Real-time transaction data has become a fundamental part of managing self-service channels and guaranteeing every interaction completes the way the customer expects. This is why banks, retailers and payment processors all over the globe are investing in powerful end-to-end data acquisition, real-time alerting and open data streaming capabilities.

EVERTEC Case Study: An Example of How to Spice up Customer Service Levels This Holiday Season

This holiday season kicked off a couple weeks ago, with Black Friday and Cyber Monday showing a 14% increase in early holiday purchases from the same period during 2018, according to a report by Bank of America Merrill Lynch Global Research. With holiday sales projections showing similar numbers until the end of the year, there has never been a more vital time to ensure that consumer transactions are completing as expected.

Unveiling INETCO Insight 7: The next generation of real time payment fraud detection and prevention

On September 17th, 2019, INETCO Insight 7 was officially launched. Featuring a fraud configuration primed for payment environments, INETCO Insight 7 combines customer transaction data acquisition, configurable rules-based alerting and adaptive machine learning capabilities.

Security Update: Transaction Reversal Fraud - UK Edition

On November 21st, NCR issued a security alert for a new form of Transaction Reversal Fraud (TRF) occurring in the UK, typically between 10 PM and midnight on any given day. Contrary to previously reported TRF attacks in which cash is pried from the dispenser after a payment reversal is initiated due to the jamming of the card reader, this new method does not require any interaction with the card reader or the use of modified cards.

How Woodforest National Bank Uses INETCO Real-time Transaction Monitoring and Analytics Solutions to Analyze Card Usage and Manage ATM Performance

To Woodforest National Bank, “relationship banking” is everything. As one of the strongest community banks in the USA, they are well known for their hundreds of retail branches located within prominent operators of big box retail and grocery stores. In addition to 700 branches in 17 different states, their electronic payments line of business includes a multi-vendor fleet of 850+ ATMs and payment card issuance platforms.

Top 3 Fraud Detection and Machine Learning Tips to Identify High-Risk Customer Banking

There are scary villains out there, and they don’t just come out on Halloween. Forget about tricks, and treat yourself to something worth reading…but be warned…this blog is not for the faint of heart… The authentication or the decline of a payment transaction is often the defining factor of end customer experience.

Fall in Love with the Latest Edition of INETCO Insider

Fall in love with the latest edition of INETCO Insider. Learn how you can utilize payment data acquisition, machine learning capabilities and a highly configurable rules-based alerts engine to detect and prevent payment fraud in real-time – we are talking milliseconds, not days, minutes or even seconds!