FICO® Card Alert Service

FICO® Card Alert Service

Prevent losses with early detection of fraudulent activity.

Product Details

Pinpoint ATM and debit card transaction fraud early to spot fraud at its inception, before significant losses occur. Identify and isolate the at-risk cards that are likely to incur future fraud losses.

With high-profile data breaches making headline news, financial organizations are on the defensive. FICO® Card Alert Service protects customers from fraudulent transactions and reduces financial organizations’ exposure to significant financial losses.

This FICO solution combines industry-leading predictive analytic software and investigative techniques to spot fraud in its earliest stages. It uniquely stops criminals through early fraud detection and identifies at-risk cards that may not yet have been used for fraudulent transactions. FICO’s Block & Reissue reports then empower card issuers to take back control.

Saves millions in potential losses

FICO® Card Alert Service is used by leading card issuers to protect more than 60% of all US debit cards. It identifies counterfeited cards and fraudulent use before the majority of losses occur.

Comprehensive fraud protection

With same-day suspect identification and report, FICO® Card Alert Service delivers comprehensive fraud protection for both ATM/debit networks and groups of issuers.

Realize significant ROI

For every dollar invested in FICO® Card Alert Service, financial organizations receive up to eight times’ return on investment –– and even more.

FICO® Card Alert Service uniquely combines early fraud detection with identification of common points-of-purchase (CPP) and predictive analytics. The Card Alert Service can simultaneously analyze transaction records across thousands of participating financial institutions. Then, using broad-based analysis, FICO quickly identifies initial fraudulent usage of counterfeit cards and linked CPPs. Through analysis and statistical profiling, the Card Alert Service determines the parameters that will later be used to identify and isolate the at-risk cards; these card numbers are presented to the issuers via the Block & Reissue report. FICO also offers fraud management services for deposits, focused solely on single card deposit activity.

FICO® Card Alert Service

‌  Analyzes daily transaction activity to detect potential compromise at common-points-of-purchase (CPP) and pinpoint potential fraud.

‌  Provides optional links with law enforcement to expedite investigations and broaden cases beyond a single issuer.

‌  Combines analytic software and services to provide dynamic analysis, counsel and onsite training.

‌  Incorporates transaction data across ATM/debit networks and multiple card issuers to identify fraud.

‌  Analyzes data from multiple financial institutions to identify the highest probability of skimming fraud.

Resources

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Aligning Your Credit Decisions to Supersize Your Strategy Value

At FICO, we know from experience that analytically-driven adjustments to the ways issuers acquire, approve and manage credit cards can have a profound impact on issuers’ bottom lines.   This webinar discusses the typical onboard...
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Facts Interfering with a Good Story: Why Fintechs aren’t your Biggest Problem

Hosted by American Banker The dominant narrative in financial services is that traditional banks, faced with plummeting satisfaction and NPS scores, are in imminent danger of losing their most profitable customers to emerging fintech di...
ondemand_video

Credit Unions vs. Banks: What US Consumers Want

US Consumers are a fickle bunch, particularly when it comes to financial services (deposit accounts, auto loans, credit cards, even alternative lending). FICO recently completed a study of these consumers has uncovered some fascinating ins...
ondemand_video

Next Generation Fraud Engagement / Protection

How financial institutions deal with suspect transactions is a moment of truth that can make the difference between a lost and unhappy customer and one with increased loyalty. Empower your customers to control their cards and accounts w...