Create Unique Rulesets to Prevent Fraud

Track suspicious activity and generate automatic rulesets to combat fraud in real time, and save your company from preventable fraud losses and operational pain points. With Routines, your financial institution can create customizable rulesets across your customer base or to specific customer segments, equipping your team with a system of sophisticated screening parameters to detect nefarious activity or fraudulent account creation before it happens.

Using a system of triggers and actions, account settings can be automatically adjusted based on your financial institution’s fraud rules. Suspicious account details or transaction activity can trigger a Routine based on preset system-wide rulesets. A Routine can then initiate an action, such as locking an account from additional transactions, initiating a manual review of the account, or send a notification to the customer.

Virtual Account Numbers paired with Routines can allow customers to have peace of mind in knowing that their accounts are secured with tokenized account numbers. Rather than distributing one’s account number to numerous merchants and payees, customers can generate a unique Virtual Account Number with specific rulesets tied to the tokenized number.

For example, rulesets can include transaction details such as transaction amount, payee/merchant. Transactions that do not meet the designated criteria may be declined. In tandem with a Virtual Account Number, Routines can be established to decline any transactions made to the account that do not fit the designated criteria.