Fraud Risk Identification Service (FRIS)

Identify potentially fraudulent debit card transactions early and help minimize your fraud loss by using advanced detections methods with our Fraud Risk Identification Service.

The Fraud Risk Identification Service (FRIS) from First Data aids in the detection of fraud in both signature and PIN-secured debit transactions. This transaction reporting service utilizes neural network detection technology with a model developed specifically for debit portfolios. It aims to pinpoint debit fraud with PIN- and signature-specific fraud characteristics.

All financial institutions, small and large, can benefit from FRIS. In the past, fraud perpetrators have generally gone after large card issuers, but are now are targeting smaller ones who don’t have fraud tools in place.

Managing Risk is an Evolving Process

As fraud is always changing and new fraudulent schemes can quickly emerge. Debit card issuers should routinely evaluate their risk/fraud management policies and operational procedures. To effectively detect and prevent fraud, you must work faster than the criminals. FRIS offers you a solution that allows you to quickly detect fraud and helps protect your program's profitability.

Features

• Four key components – neural network-based model, cardholder profile, transaction-based scoring, and consortium modeling
• Multiple levels of fraud control support
• Dedicated fraud unit staff

Benefits

• Detect fraud faster and more efficiently
• Work with large volumes of complex data effectively
• Adapt to fit emerging fraud patterns
• Quickly stop fraud and loss exposure
• Find the solution that works for you, offering flexibility for varying financial institution needs

*Falcon is a trademark of Fair Isaac Corporation.