Paynetics AD (former name CrediBul EAD) is a payment institution licensed in the EU and principal member of international card schemes VISA and MasterCard.
The challenge was to set up a Fraud Risk Management (FRM) solution for acquiring and acceptance with client-specific requirements to support its new brand and to differentiate.
equensWorldline extended the existing payment infrastructure of the client with WL Fraud Risk Management modules WL Online Watcher and WL Fraud Case Management to implement real-time fraud detection and alert management with regards to the results of a foregoing client assessment.
Over a period of more than two years equensWorldline successfully managed to keep the percentage of fraud cases without financial losses at a constant level.
While the overall number of fraudulently used cards is still on a high level, thanks to efficient and early detection, equensWorldline ensured that more than 60% of the identified fraud cases did not lead to any financial losses.