Helping a large processor in London upgrade card fraud prevention system

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The Challenge

In 2015, D8 Corporation played a pivotal role in assisting a prominent card processor, headquartered in London, with the seamless transition to a contemporary, web-oriented card fraud prevention system. The need for a modernized approach to combat card fraud was imperative in light of the increasing sophistication of fraudulent activities and the evolving landscape of digital transactions. 

D8 Corporation’s expertise in this field and the technical characteristics of our StrongHold Fraud Prevention Platform proved instrumental in addressing these challenges, enabling the card processor to fortify its defenses against fraudulent activities while adapting to the shift towards e-commerce and digital card payments.

Solution We Offered

We offered StrongHold Fraud Prevention Platform, our flagship product that has proven itself many times as a stable and reliable real-time transaction screening engine. In card fraud prevention, it is critical to not only detect cases of fraud but also being able to influence the authorization process of the transaction. The real challenge for our client was to have a sufficiently powerful system since peak volumes of transactions can reach up to 1,200 TPS. 

Our client can now navigate the complexities associated with migrating to a modern, web-oriented card fraud prevention system. Our comprehensive approach encompassed robust technological infrastructure, and configurations tailored to the specific needs of the card processor. The system was deployed and integrated with our client’s central switch. Their switch processes cards for many well-known fintech startups and established FIs (such as Fidoo, Holvi, etc.).  Lightning-fast processing time of under 20ms per transaction makes predictive analytics possible.

This partnership empowered the London-based card processor to stay ahead of emerging fraud trends and safeguard its clientele against potential risks. That way, D8 Corporation empowers organizations to proactively combat card fraud and adapt to the evolving dynamics of digital transactions.

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The Results

  • Launched real-time analytics for all acquired and on-us transactions
  • Processing time of below 20ms per transaction
  • Multi-tenant model for providing fraud prevention as SaaS
  • Substantially reduced number of fraud cases

Technologies that were used in this project

Enduro/X
C
C++
GO
React.JS
Redis
Oracle DB
VMWare

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