Fraud Prevention/Risk Management...

Fraud prevention and risk reduction are fundamental requirements for all transaction processing systems. Many transaction processor companies suffer from systems that have evolved over the years to accommodate increasing threats and regulations. Modifying the system can be as difficult as remodeling an old house -- the original architectural plans are non-existent and slight changes can have unexpected and undesirable effects. The software underlying the fraud prevention and risk reduction processes becomes "frozen" in the system; improvements become increasingly difficult as familiarity with the hard coded algorithms fades. When regulators audit the performance of the system, there are significant problems because the system is not completely predictable or quantifiable.

uCharge Systems has encapsulated over 20 years of transaction processing experience within the United States, Europe and South America to develop a Fraud and Risk Management (FaRM™) processor. The FaRM™ processor forms a core element of uCharge's transaction processing stack used in uCharge's electronic transaction processing business. It is a proprietary system designed to detect suspicious activity by assessing the risk of each transaction.

The risk processor is implemented in an intuitively configurable framework providing the customization of business rules, optimization of the real-time rules processing and visualization of those rules. The FaRM™ configuration tools provide a clear, controlled and secure environment for assessing and controlling the risks associated with electronic transaction processing by Processors, Banks and other Financial Institutions.