Fraud & Security -

North American Bancard fights fraud with Fractals

Alaric announced that North American Bancard, an industry leader in payment card processing, has selected Alaric’s Fractals fraud prevention and detection product, in a competitive pitch for the merchant acquirer’s fraud and risk solution.

North American Bancard handles all areas of merchant payment processing, including Card fraudcredit, debit, EBT, check conversion and guarantee and gift and loyalty cards, for more than 250,000 merchants across the US.

With such a diverse portfolio, North American Bancard makes use of a wide range of risk information sources.  Alaric’s Fractals product enabled North American Bancard to bring this information together in one place to make intelligent fraud and risk decisions efficiently and accurately.

Aliki Liadis-Hall, director of compliance at North American Bancard comments, “We had stringent criteria when it came to selecting our new fraud and risk system. We needed to be able to manage our fraud risk exposure across mobile POS, e-commerce and traditional retail channels with a single system. Fractals from Alaric met all those criteria, including the ability to customize the system and build our own rules, the management reporting and the rules engine. But perhaps more important than anything else, we had absolute confidence in the people and Alaric’s ability to deliver the best solution.”

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