Card Fraud Intelligence

Card Fraud continues to be a global problem with banks. The ability of losses to escalate in a short period of time is particularly frightening. In 2010, for the UK alone, card fraud losses were estimated to be £355 million by the UK Cards Association.

To help banks combat this threat, Eunexus has developed an in-house data intelligence centre in conjunction with a number of banks in 2009-2010. This web based service was launched to the broader banking industry in 2011 and can significantly enhance card fraud detection results by providing fraud analysts with quality intelligence.

This intelligence service provides a central sharing and analysis service allowing banks to benefit from a broader pool of intelligence gathering. The intelligence helps to locate fraud trends faster and more efficiently for all common card fraud trends and patterns e.g CPP detection.

The service can be easily deployed to complement and enhance your existing card fraud system and rules, delivering a rapid return on investment. Importantly Eunexus can offer industry references on the product.

Due to the nature of the Card Fraud Intelligence we provide, there is limited information we can provide on our website. For a more detailed discussion, please contact us.