Greece's Alpha Bank is to use Alaric Systems' fraud detection application, Fractals, to detect suspicious transactions within the increased volume of credit and debit card payments expected during this year's Olympic Games.
The bank will connect to the fraud detection engine via the DeltaDetect payments processing service which is provided by Delta Singular. The DeltaDetect service allows banks to connect remotely to the Fractals system or to receive e-mailed notification of suspicious transactions.
George Drymiotis, Delta Singular's general manager, says: "Delta Singular has been working closely with Alaric since 2002 when we initially licensed Fractals. Together, we are providing a solution that delivers an extra level of protection to financial institutions and cardholders across Europe."