Mexican bank pilots HNC's Falcon

Mexican bank pilots HNC's Falcon
September 14, 1999

SAN DIEGO -- As part of a pilot study, Banco Bilbao Vizcaya (BBV) Mexico, a subsidiary of Spain's largest bank Banco Bilbao Vizcaya, has installed a new bank card fraud detection system called Falcon. Provided by San Diego-based HNC Financial Solutions, the Falcon system uses patented neural network-based software to examine transaction, cardholder, and merchant data to detect bank card fraud. Falcon is currently being used to provide fraud protection for 260 million cardholders worldwide. "We have been so impressed with Falcon's fraud detection abilities that we decided it would be advantageous for us to migrate the system for in-house use," said Leandro Vela, systems and operations director for BBV Mexico.