NEURAL NETWORKS - PRISM®

NEURAL NETWORKS - PRISM® SUITE

Our PRISM^® suite of products offer dynamic neural network systems that are designed to monitor and decision on large amounts of data inputs. ReD offers these solutions on a licensed or outsourced basis and tailor them to provide predictive fraud detection for credit, debit and private-label cards, as well as retail fraud, e-commerce and money laundering.

PRISM^® is comprised of a full suite of fraud detection applications:

PRISM Merchant

PRISM^® Merchant is an intelligent merchant monitoring and risk management system that allows acquirers, processors and ISO’s to control charge-backs and minimise fraud losses. Through proactive scoring of merchant activity, PRISM Merchant identifies high-risk merchants and merchant groups, differences among retail sites in a chain and fraud targeted geographic areas. PRISM Merchant is also highly effective at detecting targeted or collusive merchants who are subject to fraud schemes such as laundering, skimming and employee swindles.

PRISM Credit

PRISM^® is an adaptive risk management system that dramatically reduces losses associated with credit, retail and commercial card fraud. PRISM Credit combines patented neural network risk models for early detection, expert rules-based strategies for targeted fraud control and advanced client/server account management software for taking immediate customer service and fraud prevention actions. PRISM learns dynamically from its experience with your card fraud, to detect new fraud schemes in real-time or within minutes of the transaction.

PRISM PINPOINT

PRISM^® PinPoint is an innovative installed software solution that allows the user to proactively manage and prevent counterfeit fraud.  Pinpoint enables the user to mine databases and locate Common Points of Purchase (CPP) and Points of Compromise (POC).   The issuer can then take preventive actions, such as block-and-reissue, and prevent further losses on potentially compromised cards.  PinPoint takes a proactive approach towards reducing counterfeit / skimmed fraud losses while maintaining the consumer’s trust in the payment card.

PRISM A&R

ReD’s Analysis and Review System improves quality of customer care and operational efficiency. The software allows all account, transaction and customer interaction data on one screen, with alerts prioritised and routed to analysts for immediate review. The system enables instant deployment of rules without IT involvement, and has advanced monitoring and reporting capabilities for continuous fraud loss and trend measurement and mitigation.

PRISM^® Money Laundering Detection (MLD)

PRISM^® MLD combines intelligent data-mining, centralized server and database technologies to automate the detection of suspicious business activity.

Please contact us to learn more about the value we can bring to your business.