Fraud Prevention Features

Don't get taken. Our provider features eFalcon, the highest level of fraud detection available today. By utilizing a powerful combination of patented profiling technology, neural networks and rules, eFalcon can accurately uncover fraud patterns in real-time.

Presently, eFalcon is used by 9 of the top 10 Visa and MasterCard credit card issuers in the U.S. It's also used by 16 of the 25 largest credit card issuers worldwide. Based on HNC's patented Falcon technology, which saved credit card issuers $300 million in 1998 alone, eFalcon is the most comprehensive Internet credit card fraud detection and risk-management solution available to online merchants and service providers today.

During in-person credit card transactions, the issuing bank takes care of the loss, however, on the Internet, card association payment rules make merchants 100% liable for all fraudulent transactions. In addition, merchants are responsible for shipping charges, bank chargeback fees and other costs associated with bad transactions. In fact, merchants with excessive chargebacks can even lose the right to accept credit cards-a risk no merchant can afford to take.

Since payment responsibility lies with the merchants, many emphasize caution, instead of commerce-which means fewer transactions and thus, fewer sales. eFalcon was designed specifically to meet the unique demands of e-merchants. It effectively manages the risk of fraud while ensuring smooth transactions for legitimate customers. With eFalcon, merchants minimize risk -while maximizing profits.

Accurate Fraud Detection
Unlike simple rule-based systems, eFalcon's neural networks analyze millions of transactions in real-time to determine both the linear and nonlinear relationships between them. By doing this, eFalcon is able to recognize the most subtle patterns associated with fraud often missed by less advanced methods of fraud detection. Using these different patterns, eFalcon is able to assign each transaction a score of 1-999, in milliseconds. The higher the score, the more likely a transaction is fraudulent.

Internet Fraud Control Consortium
Neural Networks are data driven, so successful predictions rely on accurate and comprehensive data. Unlike other fraud detection systems, eFalcon pools detailed information from online merchants into an Internet Fraud Control Consortium. Because fraud is dynamic, accurate fraud detection must be too, that is why, everything from types to prices of products is used to instantly update and enhance the scoring models.

By combining advanced predictive modeling and score technology with merchant-tailored risk-management policies, eFalcon maximizes the number of transactions that lead to sales, while minimizing impact on the customer.