Transaction Fraud for Scams

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Scams are designed to trick victims into revealing personal information (e.g. a social security number or credit card numbers) or manipulate them into authorizing payments. Because payments are authorized by the true account holder they are particularly difficult for banks to detect.

Scammers use a variety of techniques, like making a phone call pretending to be a government agency or bank official or selling an offer that sounds too good to be true. Other tactics include investment scams, romance scams, and many others.

To effectively detect scams, banks must capture all scam signals, behavior, payments and non-monetary events and use a combination of models and rules to detect when an individual appears to be acting abnormally.

Download our solution sheet to learn how Feedzai’s ScamPreventTM solution:

  • Creates a 360-degree understanding of customer risk;
  • Enables consumer protection from scammers with automated risk decisioning;
  • Leverage a flexible, data-agnostic, cloud platform that stops scams as they happen.

Uncover Your Hidden Fraud Risk

and Save Money

Don’t let outdated, legacy fraud detection solutions cost you.
Most systems are blind to the subtle patterns and emerging threats that cost businesses millions, but Feedzai goes deeper.

We’ve successfully replaced every major provider, reducing fraud losses each time. Schedule a free risk assessment, and we’ll uncover hidden vulnerabilities in your current defenses, revealing the true cost of fraud to your business.

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Page printed in November 21, 2024. Plase see https://www.feedzai.com/resource/transaction-fraud-for-scams for the latest version.