An extensive portfolio of advanced risk-management technologies
provides the second level of protection in CO-OP's three-tiered
debit 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 performs real-time
evaluations before authorizations occur, dramatically reducing your
fraud losses.
- Name Match—protects against identity theft,
card skimming and counterfeiting protection by comparing the Track
1 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.
- MasterCard Risk Finder—this MasterCard neural
network product assigns risk scores that alert you to potentially
fraudulent transactions.