IPF

A technology platform to accelerate transformation

Report

Fraud detection in Payments

Fraud in payments 

Leveraging next generation tools to enhance fraud detection in payment systems

Payments fraud continues to cost the UK Financial Services Industry in excess of £1bn per year, with the methods of attack changing in terms of their sophistication and complexity. To protect against these fraudulent incidences, banks are using several core fraud threat analytics tools to capture historic customer data (such as transaction values, transaction geographic profiles and trusted beneficiaries) to enable them to identify unusual payment behaviour and patterns. 


This report examines the next generation tools that can enhance fraud detection in payments systems, how they work in practice, and the benefits they offer.

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News

Icon Solutions, a leading specialist provider of solutions and technology services that simplify payments transformation, including IPF (Icon Payments Framework), has today announced the appointment of Donal Fleming as Chief Technology Officer (CTO).

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