Payment Scheme combats fraud from 15+ digital channels with a first of its kind multichannel Fraud and Risk Management platform
Payment Scheme combats fraud from 15+ digital channels with a first of its kind multichannel Fraud and Risk Management platform
2 Pages+1 408 382 1200 1 sales@rssoftware.com www.rssoftware.com THE TRANSFORMATIVE POWER OF ELECTRONIC PAYMENTS CASE STUDY CASE STUDY Payment Scheme combats fraud from 15+ digital channels with a first of its kind multichannel Fraud and Risk Management platform Background The customer, a federal organization for retail payments in India, had an existing Fraud and Risk Management (FRM) system that catered to a limited number of digital channels and was not compatible with the new digital products launched in the country. The existing FRM system could not scale to match with the YoY growth of digital transactions. The system had heavy timeouts and latency resulting in business losses for the customer. Moreover, there was no analytics or machine-learning capability to capture evolving fraud
