i2c, Inc, a Silicon Valley-based provider of cloud payment processing and emerging commerce solutions, today announced a new fraud management service that provides participating clients with a fully turnkey solution for fraud management. The service handles all aspects of fraud management, including detection, investigation, mitigation and reporting, and covers all losses relating to fraud.
i2c's Premium Fraud Management Service is designed to help companies eliminate their exposure to fraud losses while reducing operational costs. It leverages the following proprietary fraud monitoring technology and services:
---- Real-time, multi-event processing
---- Robust multi-tier security
---- Active transaction monitoring
---- Dedicated risk management team
The i2c platform addresses fraud differently than legacy payment processing products by executing hundreds of fraud rules and complex multi-event checks in real-time prior to authorising transactions. This is more effective than the neural networks and scoring methods used in legacy systems as it is able to detect and prevent the first fraudulent transaction attempt, rather than blocking transactions after significant losses have occurred.
"This is a distinct advantage of the i2c platform. Our stringent security practices, active transaction monitoring and experienced fraud management staff complement the platform's capabilities, allowing us to greatly reduce the impact of fraudulent activity for our clients," said Amir Wain, chief executive officer, at i2c.-PR