BankservAfrica’s RiskNet system provides predictive fraud detection and case management for credit, debit, retail and commercial card fraud. The fraud detection service covers cards used at both POS and SASWITCH ATMs.

By focusing on a rule-based transaction validation model, the system provides an early warning service that enables bank personnel to investigate potential fraud proactively. The validation system is driven by a set of rules and parameters that are updated depending on business requirements and risk profiles.

Features and advantages

• Detection:
  
  The services include RiskNet issuer, an extremely powerful fraud detection and prevention system.
  
   
• Monitoring:
  
  RiskNet acquirer/issuer monitors merchant behaviour utilising an expert rule approach supplemented with artificial intelligence.
  
   
• Cost effective:
  
  The customer increases revenue and productivity by reducing fraud exposure.