Home News & events Press Releases 2015 EMP launches Online Fraud Prevention Services

 

 EMP-Logo-300x175EMP launches Online Fraud Prevention Services

Emerging Markets Payments (EMP), the leading payments processing company in Africa and the Middle East, has launched its EMP Online Fraud Prevention Services.

Online Fraud Prevention Services is an automated monitoring and prevention tool designed to protect banks from exposure to fraudulent transactions. With banks operating in a dynamic and challenging risk environment, it employs rules-based technologies to make real-time decisions.

In operation, Online Fraud Prevention Services will automatically analyse card transactions before they are completed. Then, should the risk rules be violated, the service will automatically decline the transaction. Future transactions will continue to be declined until the restriction is manually removed. At the same time, it offers flexibility to the banks to tailor rules for specific client segments and even to specific clients.  

EMP customers using the system will find the adoption process smooth and efficient. Service installation is performed by EMP, who provides default conditional algorithms covering most fraud cases. Banks can also instruct EMP to implement additional algorithms and to change parameters in line with their needs.

Commenting on the announcement, Murat Ozulku, CEO of EMP Africa, said: “I’m very pleased to launch our Online Fraud Prevention Services today. Designed to keep pace with the constant developments in financial transaction fraud, it provides effective protection against the type of activity that directly affects profitability. In this way EMP continues to deliver the top-quality service needed for our bank customers to focus on their day-to-day operations.

The EMPA processing centre has been using TranzWare software from Compass Plus since 2006, and launched Online Fraud Prevention Services, which utilises TranzWare Fraud Analyzer, in 2015.


About EMP:
Emerging Markets Payments Group (EMP) was established to deliver world class payments solutions to banks, retailers, governments and consumer finance institutions across the Middle East and Africa.  The company offers a wide variety of services that includes card and virtual card processing services, acquiring services to merchants and banks and processing services for providers of retail credit.

www.emp-group.com