17 December 2017
visit http://response.ncr.com

Hbos signs for SAS card fraud detection technology

31 January 2008  |  5808 views  |  0 HBOS

UK banking group Hbos is implementing card fraud detection technology supplied by business intelligence software vendor SAS which it will use to monitor debit card transactions.

SAS says Hbos has signed a seven year deal for its Fraud Management product, which it developed in partnership with HSBC.

Hbos will initially use to monitor debit card transactions for suspicious and fraudulent activity. SAS says the technology will examine each and every HBOS debit and ATM card transaction in real-time.

The fraud detection system provides the option for Hbos to extend its use to cover other types of transactional fraud, including banking and credit card fraud.

Ian Fielder, head of risk operations at Hbos says the SAS software was chosen for its "potential to provide a single platform that can be extended throughout the enterprise".
KeywordsCARD FRAUD

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Hi-tech gang indicted on card fraud and laundering charges

Hi-tech gang indicted on card fraud and laundering charges

09 November 2007  |  7932 views  |  0 comments
Apacs and petroleum industry in card fraud prevention initiative

Apacs and petroleum industry in card fraud prevention initiative

01 November 2007  |  7769 views  |  0 comments
Jump in card fraud abroad drives up UK losses - Apacs

Jump in card fraud abroad drives up UK losses - Apacs

03 October 2007  |  7373 views  |  0 comments
HSBC teams with SAS to combat card fraud

HSBC teams with SAS to combat card fraud

13 July 2005  |  7805 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit www.thomsonreuters.infovisit www.atos.net

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
10618 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
10230 views comments | 18 tweets | 36 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
7505 views comments | 9 tweets | 10 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7313 views comments | 19 tweets | 22 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6725 views 0 | 4 tweets | 2 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job