Fiserv's FraudNet prevents more than $287 million in fraud losses

According to a news release, FraudNet provides a solution for financial institutions to lower fraud rates. The FraudNet service is part of a suite of fraud-prevention solutions offered by Fiserv that helps detect and mitigate fraud from log-in authentication to back-end payment processing.

 

The software scores each online bill payment and halts the processing of suspicious transactions until they have been reviewed by fraud specialists.