Debit Card Fraud Protection

Debit Card Fraud Protection

Falcon Fraud Management

Debit card fraud is a growing problem all across the nation and the world. In order to reduce fraud RCEFCU has implemented a fraud management system that will result in early detection of suspected fraud..

• The Falcon Fraud Management system calculates and assigns a score (the higher the score. the higher the risk) to incoming transactions using neural network technology and cardholder profiles. This approach increases the number of fraudulent transactions detected, while decreasing the false positive rate and identifying potential fraud earlier.
• The Falcon Fraud Manager provides complete integration including detection using scientifically proven models.
• The Falcon Manager is the leading fraud detection application available in the market today.

How the system works

Each authorized transaction is assessed for potential fraud risk. After the transaction is authorized, the transaction information is forwarded to the Falcon Fraud Manager scoring and case management application. Using the neural network model and profiling technology, the system calculates a score indicating the likelihood that the transaction was fraudulent. Based upon the score and other possible transaction elements, the appropriate rule is invoked that creates a case. If a case is created, the transaction and subsequent transactions are forward to the case management system for review by a fraud analyst.

If fraud is suspected, a fraud analyst will call the member at all numbers included on the signature card. Therefore, it is very important to update your signature card any time you change one of your contact phone numbers. If the fraud analyst can’t get a hold of a member and more suspected fraud transactions occur the card will be blocked until the member contacts the Falcon Fraud Manager Call Center.