EASY SOLUTIONS INTRODUCES STREAMLINED FRAUD ALERT REVIEW PROCESS WITHIN TRANSACTION MONITORING SOLUTION
New Deployment Option Provides Simpler, Faster Time-to-Market to Prevent Fraud for Financial Institutions
Sunrise, Fla. – October 21, 2014 – Easy Solutions, the Total Fraud Protection® company, today announced significant enhancements to DetectTA, the company’s transaction anomaly detection solution that qualifies a transaction’s risk in real time, and provides critical intelligence across its Total Fraud Protection® platform.
DetectTA can now be deployed with a standard alert-based option, where an alert is categorized by what type of activity initiated the alert, or with a new transaction-based option which does not allow for a transaction to be processed until all alerts initiated for it are closed. This new capability improves access to data, information, and tools to expedite the review and decision-making of all suspicious activity and minimizes any duplication of effort in the alert review and investigation processes. Investigators can now see all alerts for a specific transaction in one view, providing a full picture of suspicious activity.
In addition to strengthening its investigation capabilities, DetectTA now includes:
> Improved architecture for streamlined real-time integration with wire processing systems. Using off-the-shelf connectors, DetectTA can easily be connected to wire data sources including messaging queuing systems or sockets. without incurring additional development costs.
> Support for raw NACHA files independent of any ACH origination or posting system. DetectTA now requires no third-party systems integration to analyze debit/credit transactions, including NACHA origination files.
> Additional transaction data points can be analyzed by the behavioral anomaly detection algorithms, to better distinguish fraudsters from good customers, and reduce false-positives. The algorithms can now account for origin point, payment channel and IP Geolocation.
“The top three breaches of the year so far – JPMorgan Chase, Home Depot and Target – have netted over 202 million stolen records. Financial institutions are scrambling to keep up with what is increasingly becoming a highly expensive, wide-spread problem across their customer base,” said Daniel Ingevaldson, CTO of Easy Solutions. “With the latest updates, DetectTA’s new deployment options allow financial institutions of all sizes to combat the sophistication of these criminal rings and prevent fraud even more quickly.”
For more information on DetectTA, visit: http://www.easysol.net/products/easy-sol-products/detectta
ABOUT EASY SOLUTIONS
Easy Solutions is a security vendor focused on the comprehensive detection and prevention of electronic fraud across all devices, channels and clouds. Our products range from fraud intelligence and secure browsing to multi-factor authentication and transaction anomaly detection, offering a one-stop shop for end-to-end fraud protection. The online activities of over 60 million customers at 220 leading financial services companies, security firms, retailers, airlines and other entities in the US and abroad are protected by Easy Solutions Total Fraud Protection® platform.
United States: 1401 Sawgrass Corporate Parkway, Sunrise, FL 33323. Tel. 1 (866) 524 4782
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