This new offering, dubbed "Fraud Solution", is intended to protect credit card transactions and the online banking sites. It is designed to be integrated with management systems existing fraud, which it adds two additional functions. The first is the ability for the end user to define its own criteria for notification (eg the origin or the amount of a purchase), in addition to its own rules bank. The second (main) function is an immediate alert management sent via SMS to an application for authorization of a transaction "suspect." But where the solution is innovative is that the client can respond to alarms it receives, to confirm or deny the transaction, in "real time".
The video above shows a use case typical: a tourist wants to make a purchase during a trip to Hong Kong, the authorization request is transmitted his bank, which sends an SMS information to which it responds to confirm the transaction, it is finally confirmed on the merchant's terminal. The only fault that can be identified in this system is the time (uncontrollable) between the request for authorization and validation (or rejection) ...
For banks (Who bears the cost of fraud) as well as consumers (who, according to a study, fails to detect between one third and half of fraud against them), protection tools are becoming essential. Clairmail brings them a useful addition not only to alert customers in real time but also to limit the effects of "false positives" (wrongly suspected transactions).
With 'Fraud Solution ", banks can reduce their costs aftermarket management related fraud (including dispute resolution) and consumers will gain tranquility and comfort, avoiding the frustration of legitimate purchases rejected.
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