Fraud Detection of Suspicious Transactions (Online)

Fraud Detection of Suspicious Transactions (Online)

The purpose of IDCORP online fraud detection of suspicious transaction system is to use Business Intelligence infrastructure in the banking industry and online payment to discover fraud in banking transactions. Although this system focuses on detecting suspicious in the card transaction, its proposed architecture can be implemented in the other operational systems.

In IDCORP online fraud detection of suspicious transaction system, switch (or any other calling system) send perceived transaction from any terminals or upstream switches (network acceleration, butterflies, etc.) via a web services to the core of fraud detection system. This core called smart rules and inference engine system to identify the suspicious transactions to fraud and sending results to the switch card meantime storing them in database. Besides, this core monitor and provides online information based on the connectivity to other surveillance systems.

The implementation of operational intelligence infrastructure provide numerous possibilities for the bank such as: