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CTL scores in Finland with FRAUDGUARD

Tuesday 20 January 2004 09:47 CET | News

Card Tech Limited (www.ctl.com), has licensed its FRAUDGUARD fraud detection and management solution to Luottokunta, Finlands national card payment network.Luottokunta services over 2 million cards and 50,000 merchant locations in a multi-institution environment; it is an industry leader in risk management. FRAUDGUARD will be used as a central fraud management platform, enabling Luottokunta to Detect, Alert and Manage suspicious transactions. It will interface with Luottokuntas technical environment through real-time and batch interfaces with front and back office systems provided by Oasis and LogicaCMG. In addition, FRAUDGUARDs rule-based detection will incorporate scores generated by Xtract Fraud Detector, combining the best of both rule-based and neural network technology. This will be CTLs first implementation of FRAUDGUARD since obtaining official confirmation from Visa EU that the system meets its authorisation screening mandates.

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Categories: Payments & Commerce | Payments General
Countries: World
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