Fraud is on the rise – are your cardholding customers protected?

Thieves are getting smarter by the day, so banks must take measures to implement advanced fraud detection and prevention solutions that proactively protect their customers from unauthorized access to financial information and transactions. Yellow Hammer EFT Fraud Detective is Jack Henry Banking’s sophisticated solution that can safeguard your bank and your customers from the financial and reputational losses associated with EFT fraud.

Yellow Hammer EFT Fraud Detective™ – EFT fraud detection and prevention solution

Yellow Hammer EFT Fraud Detective leverages industry-leading fraud expertise and proprietary technology to automatically monitor real-time ATM, point-of-sale (POS), and merchant transactions. This innovative system determines average pre-authorization account activity and automatically monitors each account to identify suspicious activities based on violations of established rules and transaction, card, and terminal abnormalities. Transaction abnormalities are based on abnormal geographic location, number of EFT transactions, and merchants. Card verification abnormalities are based on card expiration, number, and activation. ATM/POS terminal abnormalities are based abnormal location or user. The risk associated with each abnormality is automatically rated and immediate alerts of possibly fraudulent transactions are generated. Yellow Hammer EFT Fraud Detective enables banks to proactively protect themselves and their customers from fraud and financial losses and comply with the related regulatory requirements.

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