BPC Banking Technologies, the leading provider of Open System payment solutions for the global financial industry, announces that Crystal Clear Payments (CCP) has gone live with a new fraud prevention solution, SmartGuard, as the cornerstone of its new fraud management service.
CCP provides innovative payment processing solutions for community financial institutions who want the best of technology and service excellence. Following its "Service First, Innovation Always" ethos, CCP chose SmartGuard following an extensive review of the solutions on the market. As part of the project SmartGuard, deployed as a cloud-based solution, replaced the PRISM product for a Top 10 Credit Union.
SmartGuard tracks 100% of online transactions providing a holistic picture of cardholder and merchant activity. The solution is powered by a sophisticated fraud analytics engine and monitors transactions from both traditional channels such as POS and ATM, as well as emerging channels such as e-commerce, and m-commerce. SmartGuard's flexibility and adaptability help financial institutions to detect and prevent the latest fraud attacks, reducing financial losses significantly, while maintaining a superior customer experience.
"CCP is delighted to partner with BPC. We believe their global experience - with SmartGuard used worldwide, will enable us to bring a laser focused model to the US, a model that fraudsters don't know how to fool. We chose SmartGuard because it is the only solution that combines advanced fraud prevention capabilities with the ability easily add rules, "on-the-fly", at the point of compromise, while dynamically training the scoring model with every transaction processed. In addition SmartGuard's state of the art Client and Analyst GUI Control Center helps our Fraud Agents rapidly identify emerging trends, predict fraud and prevent losses. With SmartGuard deployed in the cloud, not only were we able to get up and running quickly but we reduced the cost of operations by 60%. Today, we are ready to protect our clients from the most sophisticated fraudulent attempts", notes Dan Cook, CEO of Crystal Clear Payments, and a Pioneer of the Signature Pass through processing and payment solutions industry.
Commenting on the system's launch, Marc Solomon, SVP North American Sales and MD, BPC-USA says "We are delighted to help CCP offer its clients a flexible, secure and highly efficient solution that not only monitors 100% of transactions but also helps prevent fraud before it affects customers. SmartGuard's advanced architecture ensures that it can match CCP's business plan, growing as the customer base grows. It is also easy to implement as a stand alone module, in the cloud or in-house and by seamlessly integrating with the existing infrastructure it significantly lowers TCO. We are proud to help CCP in their initiative to offer the most innovative solutions and are looking forward to strengthening our partnership in future projects."