Risk Management Systems

An extensive portfolio of advanced risk-management technologies provides the second level of
protection in CO-OP’s three-tiered credit fraud protection system. This suite of tools uses
specific cardholder data to perform validation and edit checks during the authorization process.
Falcon™ Fraud Manager—The industry-leading neural network fraud detection system gives you real-time evaluations before authorizations occur.
Name Match—Protects against identity theft, card skimming and counterfeiting protection by comparing
the first three characters of names on incoming authorizations to names in the cardholder file on the CO-OP system.
PIN Validation—Validates the PIN entered against the PIN offset stored in the card’s magnetic strip.
CVV/CVC/CVI Authentication—Prevents authorizations on “re-encoded” cards by validating the values encoded on the magnetic strip.
CVV2/CVC2 Authentication—Provides merchants with additional safeguards against fraudulent online and telephone orders.
Daily Limits—Verifies BIN level daily withdrawal limits.
Internet Cardholder Identity Verification—Protects online transactions using Verified by Visa and
MasterCard SecureCode.
PIN Change—Lets cardholders choose their own PINs without compromising security.
Address Verification—Matches the billing address provided by a consumer to the address in the cardholder account file.
Exact Expiration Date Match—Ensures expiration dates embossed and encoded on cards exactly
match dates in cardholder files.
Positive Balance Match—Checks availability of funds against transaction requests when balances are provided with cardholder file.
Daily Authorization Limits—minimizes fraudulent “binge spending” by letting you implement limits on velocity and daily withdrawal for different card types and programs at the BIN level.
Card Activation—protects your members from fraudulent use of non-received cards.

An extensive portfolio of advanced risk-management technologies provides the second level of protection in CO-OP’s three-tiered credit fraud protection system. This suite of tools uses specific cardholder data to perform validation and edit checks during the authorization process.

  • Falcon™ Fraud Manager—The industry-leading neural network fraud detection system gives you real-time evaluations before authorizations occur.
  • Name Match—Protects against identity theft, card skimming and counterfeiting protection by comparing the first three characters of names on incoming authorizations to names in the cardholder file on the CO-OP system.
  • PIN Validation—Validates the PIN entered against the PIN offset stored in the card’s magnetic strip.
  • CVV/CVC/CVI Authentication—Prevents authorizations on “re-encoded” cards by validating the values encoded on the magnetic strip.
  • CVV2/CVC2 Authentication—Provides merchants with additional safeguards against fraudulent online and telephone orders.
  • Daily Limits—Verifies BIN level daily withdrawal limits.
  • Internet Cardholder Identity Verification—Protects online transactions using Verified by Visa and MasterCard SecureCode.
  • PIN Change—Lets cardholders choose their own PINs without compromising security.
  • Address Verification—Matches the billing address provided by a consumer to the address in the cardholder account file.
  • Exact Expiration Date Match—Ensures expiration dates embossed and encoded on cards exactly match dates in cardholder files.
  • Positive Balance Match—Checks availability of funds against transaction requests when balances are provided with cardholder file.
  • Daily Authorization Limits—minimizes fraudulent “binge spending” by letting you implement limits on velocity and daily withdrawal for different card types and programs at the BIN level.
  • Card Activation—protects your members from fraudulent use of non-received cards.