CA Technologies applies the principles of behavior analysis to real-time and ” machine learning “, from the largest repository of information related to transactions, to stop instantly fraud
Download the free guide
Boost your gains
Paris, 17 may 2017 CA Technologies (NASDAQ : CA) this CA Risk Analytics Network, the only network to payment card issuers, to be able to stop instantly fraud on remote payments. Using features of behavioral analysis in real-time and machine learning algorithms on the transactional data world, this new service in the Cloud allows you to reduce the losses related to the fraud line of 25% in average maturity1 (potentially the equivalent of $ 2.2 billion savings)2
CA Risk Analytics Network is based on a neural model and advanced features of machine learning in real-time to protect the remote payments 3-D Secure. The service learns and adapts to fraudulent transactions in five thousandths of a second on average, thus preventing instantaneous use of the same card or the same terminal on the network as a whole.
According to the report of the study on Identity Fraud published by the firm Javelin, by 2017, the explosion of fraud in the context of remote payments can be explained for two reasons. The volume of transactions online and on mobile continues to grow. The transfer of responsibilities imposed by the EMV standard is a major factor in the rise of illegitimate operations related to bank cards. “E-commerce is more popular at the expense of transactions of the physical trade, and the fraudsters exploit this trend. The number of consumers who had their card used without their knowledge for online payments, has increased from 42% in 2016 compared to the previous year, ” the study says.
“Quickly detect anomalies, and to ensure authentication of a fluid, are the first steps necessary to prevent fraudulent transactions on the remote payments,” says Terrence Clark, General Manager of the Security Division of Payments at CA Technologies. “Our data scientists rely on features for advanced analysis and new algorithms of machine learning in real-time from our global repository of data, issues of online transactions 3-D Secure.
This approach allows to speed up and make more precise the detection and prevention of online fraud ; reduce the losses to the members of our network ; and streamlining online shopping experiences for consumers. ”
The solutions of management of the security of payment of CA shall ensure the protection of billions of online transactions, thanks to the support of hundreds of millions of cards in the world. The network CA Risk Analytics Network is open to all issuers, international banks serving millions of end-customers and financial institutions more modest.
A support for the perennial of the protocol 3-D Secure
CA Risk Analytics Network, and the software suite CA Payment Security support the standard 3-D Secure, and support also the new specification of EMV 3-D Secure 2.0. The latter provides answers to the problems of authentication and security related to remote payments and transactions are conducted through smartphones, mobile applications, e-wallets or other.
The protocol 2.0, which will rely heavily on data from terminals. The members of the network CA Risk Analytics Network will benefit from a new source of information to limit fraud and improve the experience of their customers across all their devices, and regardless of the version of the protocol 3-D Secure. The support of the specifications 1.0 and 2.0 is important to take into account differences of maturity and adoption within organizations, card issuers and merchants.
Download the free guide
Boost your gains
