Transaction Security
H017WR70
H017WR70
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Overview of <strong>Transaction</strong> <strong>Security</strong> Technology Solutions<br />
Collaborative Fraud Solutions (cont.)<br />
7<br />
Collaborative<br />
Fraud Solutions<br />
Collaborative Solutions for Card Issuers and Online Merchants<br />
Merchants and issuers encounter fraud on a daily basis that typically has gone<br />
unobserved by other parties, causing significant losses and chargebacks<br />
Ethoca seeks to close the information gap between issuers and merchants by<br />
establishing a network that filters and notifies all parties in the payment network of<br />
fraudulent encounters (1)<br />
<strong>Transaction</strong> Process<br />
Mobile Collaborative Risk Solutions<br />
With access to mobile network operator (MNO) data,<br />
Early Warning has partnered with some of the<br />
largest banks in the U.S to provide real-time mobile<br />
verification services<br />
Third Party Integrations<br />
with Merchants<br />
Card Issuing<br />
Bank<br />
Friction in the authorization process<br />
and issues can go un-notified<br />
Online<br />
Merchant<br />
Issuer reports to a collaborative solutions<br />
provider of fraudulent activity<br />
Collaborative solution alerts<br />
the online merchant<br />
Active<br />
Users<br />
Network of<br />
Credit /<br />
Debit / ACH<br />
Financial<br />
Institutions<br />
Card Issuing<br />
Bank<br />
Outcome is transmitted back<br />
to the issuing bank<br />
Online merchant responds to<br />
notification; cancel fulfillment<br />
Online<br />
Merchant<br />
Mobile Network Operators<br />
and Carriers<br />
Source: Early Warning, Ethoca.<br />
(1) Ethoca, “Ethoca Alerts, Innovative Cooperation.”<br />
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