North American Bancard handles all areas of merchant payment processing, including credit, debit, EBT, check conversion and guarantee, and gift and loyalty cards, for more than 250,000 merchants across the US. With such a diverse portfolio, North American Bancard makes use of a wide range of risk information sources. Alaric's Fractals product enabled North American Bancard to bring this information together in one place to make intelligent fraud and risk decisions efficiently and accurately.

Aliki Liadis-Hall, director of compliance at North American Bancard said, "We had stringent criteria when it came to selecting our new fraud and risk system. We needed to be able to manage our fraud risk exposure across mobile POS, e-commerce and traditional retail channels with a single system. Fractals from Alaric met all those criteria, including the ability to customize the system and build our own rules, the management reporting and the rules engine. But perhaps more important than anything else, we had absolute confidence in the people and Alaric's ability to deliver the best solution."

"North American Bancard is committed to staying at the forefront of modern business thinking, prizing itself on consistently offering highly-competitive pricing, and exceptional customer service," said Peter Parke, General Manager, fraud solutions at Alaric. "We were confident going into this process that Fractals would stand out from the crowd, and we are delighted that the team at North American Bancard selected Alaric to help keep fraud levels as low as possible, ensuring that these savings could, in turn, be passed on to its customers."

Fractals is an intelligent fraud detection and prevention framework suitable for PSPs, online merchants, card issuers, acquirers and payments processors. When used 'in-flight' illegal transactions can be detected and stopped before a transaction is completed. Proprietary mathematical models incorporate self-learning allowing ththe model to automatically adapt to new fraud trends and retain its effectiveness. The Fractals Rules Engine enables fraud analysts to create and deploy powerful fraud detection rules within minutes, delivering substantial reductions in fraud losses. In the rapidly evolving world of electronic payments, Fractals benefits from continuous investment and R&D, ensuring that it remains at the forefront of fraud detection.