As a result, Equens will be able to offer customisable fraud management services to issuers and acquirers. The tool will enable Equens to support its clients with risk scoring and follow-up services.
The RiskShield application has been designed to enable financial institutions to tackle potential fraud in payment transactions and virtual channels, such as internet banking. The application is based on several detection systems which are set to provide fraud specialists with an overview of all the banking processes as well as with the ability to trace and stop a fraudulent payment if necessary.
Equens processes an annual volume of 9.9 billion payments and 4.1 billion POS and ATM transactions. The company offers pan-European market coverage from offices in four countries such as the Netherlands, Germany, Italy and Finland.
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