FraudNet™ from Fiserv is a powerful automated transaction monitoring engine that helps financial institutions to proactively identify potential fraudulent threats, mitigate risks and maintain regulatory compliance.
FraudNet is a turnkey online payments anti-fraud solution designed to protect financial institutions and consumers before fraud happens. Transparent to consumers making payments, FraudNet analyzes transactions made to identify instances of fraud in a real-time environment, stopping crime in its tracks.
Fraud alerts are managed through a system case manager that gives the financial institution the ability to:
- Access user transaction history
- See fraud alerts issued to customer service systems
- Take immediate action on fraudulent transactions before they are processed
- Cancel or freeze account activity
- Add negative files as alerts are evaluated