News

Alaric updates Fractals payment fraud detection

The new release includes solutions for cross-product, cross-channel enterprise fraud detection and prevention.

December 26, 2014

Alaric, an NCR Corp. business, has released a new version of its Fractals intelligent fraud detection solution that incorporates new features and enhancements. The new release includes cross-product, cross-channel, enterprise fraud detection and prevention features, according to a news release.

The software's Fraud Integration Hub now brings together intelligence from specialized sources such as mobile geo-location, IP intelligence and device reputation to provide centralized data that can be used for the analysis of any monetary or nonmonetary event coming to the system.

In addition, the user experience has been modernized and remodeled based on customer feedback, and adjustments have been made to the underlying architecture to take advantage of new technologies not available when Fractals was first developed, the release said.

"Fraud is constantly evolving and financial institutions, acquirers, card networks and merchants work diligently to keep up," said Alaric General Manager Steve Wright. "Changes such as the implementation of EMV around the world, including shortly in the U.S., mean that fraudsters are always on the lookout for the next weak link in the payments chain that they can exploit. The latest version of Fractals arms fraud teams with the best possible technology to protect their account holders and, ultimately, their bottom line."

All existing customers of Fractals will have the option to upgrade their existing functionality to the new version at no additional license cost – however no older versions of Fractals have ever been sunsetted, so customers can remain on older systems until they are ready to upgrade.