Benefits

• Stop Fraud In Real-Time Early In Its Cycle.
• Protect Your Financial Institution’s Brand Reputation.
• Monitor Monetary Transactions In Real-Time And Non-Monetary Account Changes In Near Real-Time.
• Minimize Service Disruption With Strategic Card Blocking Based On Risk.
• Secure Reduced Insurance Premiums And/Or Deductibles.
• Leverage Data Mining, Fraud Scoring, And Market Trend Analysis Based On Canadian Consortium Data.
• Access Case Management Ui That’s Fully Integrated With Banking Hosts For Account Blocking, Network Associations For Fraud Reporting, And Performance Dashboards For Operational Management.
• With Optional Features Like Mobile Fraud Alerts, The Depth Of Fraud Protection Extends Well Past Cardholder Transactions, And In Fact Extends Out To Members/Customers As Part Of A Larger Collective Security Team.

How it works

Everlink’s eDETECT™ Solution compares ATM, POS and card not present (CNP) transactions against “rules” which are capable of detecting nuances in shopping behaviour changes that would be indicative of possible fraud. Screening transactions in real-time allows for prevention of fraud before authorization, while the near real-time engine generates alerts for case management teams and secures the account. Actions taken within eDETECT™ are applied to the Card Authorization File and have direct and immediate impact on future spend.

Everlink’s eDETECT+™ Solution monitors for fraud at enterprise level. Amalgamating typically siloed activity such as digital banking, in-branch banking, and back office functions into a singular fraud management platform allows Everlink to provide their Clients with a 360◦ view into account spending, making it a powerful tool to detect fraud. Under eDETECT+™, in addition to basic transaction monitoring, both monetary and non-monetary activity is reviewed for signs of potential account takeovers, money laundering, and even employee misconduct.

Everlink’s eSCORE™ leverages latest technology in machine building and modeling. The models are channel specific, and are built on actual production data from the consortium of over 200 clients. Each qualified transaction is scored on its probability of being fraudulent, and eDETECT™ rules take action based on each Client’s pre-defined risk tolerance levels. Consortium data mining and market trend analysis are the drivers of creating our smart rules, which can protect consortium clients before they become a target of a fraud attack.