The fraud and risk manager is often caught between demands to reduce losses to fraud and balance the requirements of customer value. With false positive rates (FPR) becoming a significant driver for fraud detection operations, organizations must determine a way to effectively provide FPR values to allow the fraud prevention and detection strategy to be updated, tailored and adopted quickly, and its performance to be monitored efficiently.
This white paper examines credit card fraud and details business rules-based fraud prevention and detection. Discover how Business Rule Management Systems (BRMS) allow businesses to make better decisions based on FPR, improving the end-user experience. Learn how a BRMS applied to the task of card fraud prevention and detection allows credit and risk personnel to interact effectively in both strategic and tactical efforts. Explore how the BRMS approach represents a significant change in technology and attitudes toward fraud prevention and detection.
