BNP Paribas implements ACI debit card fraud detection kit
18 February 2004 | 4694 views | 0
BNP Paribas has licensed ACI's Proactive Risk Manager package in an effort to clamp down on rising levels of debit card fraud.
The automated fraud detection software uses neural networks and custom risk profiles to improve the rate and speed of identifying fraudulent activity. At BNP, the software is being implemented alongside existing banking systems, providing the bank's fraud risk management team with a single interface for monitoring debit card transactions.
"The increasing rate of card fraud is a major concern for us," says Emmanuelle Fenard, card marketing head at BNP Paribas. "We were very clear about our fraud detection needs and the tight timescales we wanted to meet."