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April 6, 2005

eFunds enhances payment card fraud detection with Fair Isaac

eFunds, a provider of risk management and electronic payments technology, has announced plans to deploy the Falcon Fraud Manager 5.1 platform, a payment card fraud detection program, from Minnesota-based Fair Isaac in its payment processing data centers.

By CBR Staff Writer

Falcon Fraud Manager helps financial institutions streamline their operations to prevent false transactions by analyzing payment card transactions for signs of fraud. Version 5.1, according to the company, adapts the Falcon technology to include a new architecture and case and rules management software enhancements, which modify rules to react to changing market conditions and new fraud trends.

eFunds will offer the platform to its card issuers in order to enable them to streamline resources, gain more flexibility for rules and case management in eFunds’ multi-client environment and maintain focus on card portfolio growth.

Sonja Schindeler, vice president of fraud solutions at Fair Isaac, said: The highly flexible architecture will easily integrate with future fraud analytic technologies, allowing our clients to better leverage their investments while achieving all of their fraud control and growth objectives.

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