Fraud Risk Indicator
Verification of Payee Add-on
Provides additional data points upon a payment
Lowers manual time and costs
Sharpens your fraud detection
Limited integration effort
How does it work?
The Fraud Risk Indicator (FRI) is a solution offered in combination with the IBAN-Name Check/Verification of Payee: an add-on to the current API. Essentially, the add-on provides additional data points; risk indicators that will help the bank to determine whether there’s an increased risk or a decreased risk of fraud.
Fraud Detection & Monitoring
The FRI is meant for implementation at the Fraud Detection / Transaction Monitoring system, not in the front-end.
This helps to prevent fraud because additional fraud cases can be spotted upon payment initiation, thanks to risk increasers, like a “hit” in the PolitieNL database or the fact that an account is newly opened.
Lowers the number of false positives
The FRI helps to lower the number of false positives on the fraud analysts backlog, thanks to risk decreasers like the number of account holders.
Other add-on features
for Banks & PSPs
SWIFT Beneficiary Account Verification
Read More →
European Batch Check
Read More →
PayID
Read More →
Switch Check
Read More →
Ready to use the Fraud Risk Indicator?
Integrate the Fraud Risk Indicator in your API
Are you interested in implementing the Fraud Risk Indicator? You can schedule a meeting with Wendel Middendorp, Business Development Manager.