Are Outdated Systems and Compliance Gaps Putting Your Business at Risk?
Upgrade your risk management to prevent costly fines, ensure compliance, and safeguard trust in a rapidly evolving landscape.
Inadequate Risk Management Frameworks
Legacy controls, siloed data, and unclear ownership leave payment processors unable to identify, rank, or remediate emerging threats, exposing them to headline-grabbing fines and costly remediation programs.
Non-Compliance With PCI DSS
Keeping every gateway, merchant, and service provider aligned with evolving PCI DSS mandates strains resources. Missed patches or outdated policies trigger monthly penalties and higher card-scheme assessments.
Data Breaches and Cyber Gaps
Complex, high-volume transaction flows create multiple attack surfaces. A single intrusion can leak cardholder data, spark regulator investigations, and erode hard-won issuer and merchant trust.
Slow Response to Regulatory Change
PSD2, AML, CFPB, and card-network rules evolve fast. Manual tracking and spreadsheet audits make it easy to overlook new requirements, leading to unplanned downtime and enforcement actions.
Streamline Security with FraudNet's Advanced Solutions
Stay compliant and secure with FraudNet, minimizing risks and fines for payment processors effortlessly.
Policy Monitoring Engine
Real-time rule engine enforces transaction and refund limits for instant compliance.
Anomaly Detection Models
ML models surface outlier patterns missed by static rules, reducing undetected fraud.
Unified Case Management
Single dashboard tracks alerts to resolution, auto-generates audit-ready case files.
Ongoing Entity Screening
Continuous re-screening flags high-risk merchants and partners before regulators do.
AI-Native Real-Time Detection
Instantly assess each transaction with millisecond precision, effectively blocking fraudulent activities before authorization. Maintain your genuine transaction volume and optimize interchange revenue, ensuring seamless operations while safeguarding your business from fraud and enhancing trust with issuers and merchants.
End-to-End Compliance Automation
Stay seamlessly compliant with PCI DSS, PSD2, and regional mandates through dynamic rules and automated documentation. Our system eliminates the hassle of manual spreadsheets, ensuring audit-ready reports that keep you ahead of regulatory demands, saving time and resources for payment processors.
Unified Intelligence Hub
FraudNet seamlessly integrates data, alerts, and casework from all gateways and merchants, significantly reducing analyst workload. This unified approach not only streamlines operations but also demonstrates rigorous due diligence to regulators, ensuring compliance and boosting your credibility in the market.
Impact & Results
Delivering Results that Matter
We don’t just promise better fraud control—we deliver tangible improvements that protect your business.
97%
Fewer False Positives
Approve more valid transactions confidently.
88%
Fraud Reduction
Experience double-digit reductions in fraud-related chargebacks
60%
Cost Savings
Save time and resources while securing your revenue.
Why FraudNet
Future-Proof Your Fraud & Risk Program
With an integrated platform designed for precision, agility, and impactful results, enabling your team to make smarter decisions, improve operational efficiency, and fuel your business growth.
Customizable & Scalable
No-code rules engine, flexible dashboards, and tailor-made machine learning models that are designed to adapt seamlessly and scale alongside your business.
End-to-End Platform
Unify fraud detection, compliance, and risk management into one powerful solution, saving valuable time and streamlining your operations.
AI Precision You Can Rely On
Reduce false positives, detect and prevent more fraud, and mitigate risk with highly accurate, real-time risk scoring and anomaly detection you can trust.
Real-Time Fraud Intelligence
Leverage advanced analytics, comprehensive reporting, and our Global Anti-Fraud Network to make faster, smarter decisions on the spot.
Testimonials
Real Success From Real Teams
Fraud.net’s flexibility has helped our AfterPay business grow by allowing us to meet our increasingly complex customer and country requirements. Their platform has enabled Arvato to increase our agility and significantly reduce fraud attacks.
Director Risk & Fraud, Arvato
FraudNet's combination of customized machine learning and flexible rules management has been transformative. We've achieved dramatic efficiency gains while maintaining robust fraud protection - a game-changer as we navigate evolving regulatory requirements.
Head of Financial Crime, Countingup
The great usability of Fraud.net is night and day when comparing it to our prior risk prevention platform. Reporting is also faster, more straightforward, and more impactful. With Fraud.net, we can easily visualize and share findings, providing our leadership with a clear understanding of the return-on-investment for our activities in real-time.
Fraud Manager, Global Financial Institution
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FAQs
What are the common reasons payment processors face regulatory fines?
Payment processors often face regulatory fines due to non-compliance with anti-money laundering (AML) regulations, failure to adhere to data protection laws like GDPR, insufficient fraud detection mechanisms, and lack of transparency in transaction reporting. Additionally, violations of consumer protection laws and failing to implement effective Know Your Customer (KYC) policies can also lead to significant fines.
How can payment processors ensure compliance with AML regulations?
Payment processors can ensure compliance with AML regulations by implementing robust KYC procedures, conducting regular risk assessments, and maintaining comprehensive transaction monitoring systems. Additionally, they should provide ongoing training for staff on AML requirements, establish clear reporting protocols for suspicious activities, and stay updated with changes in regulatory frameworks to adapt their policies accordingly.
What role does data security play in regulatory compliance for payment processors?
Data security is crucial for regulatory compliance as payment processors handle sensitive financial information. Compliance with data protection regulations, such as GDPR or CCPA, involves implementing strong encryption protocols, maintaining secure data storage, and ensuring secure transmission of data. Regular security audits, vulnerability assessments, and incident response planning are also essential to protect against data breaches and avoid fines associated with non-compliance.
Why is it important for payment processors to have a robust fraud detection system?
A robust fraud detection system is essential for minimizing the risk of fraudulent transactions that can lead to financial losses and regulatory penalties. Effective systems help identify suspicious activities in real-time, allowing processors to take immediate action to prevent fraud. This not only protects the processor and its clients but also helps maintain trust with regulators and customers, demonstrating a commitment to secure and compliant operations.
What best practices can help payment processors avoid regulatory fines?
Best practices for avoiding regulatory fines include maintaining up-to-date compliance programs, conducting regular internal audits, and ensuring staff are well-trained in compliance matters. Payment processors should also establish strong partnerships with legal and compliance experts, continuously monitor regulatory changes, and leverage technology to enhance transaction monitoring and reporting capabilities. Additionally, maintaining transparent communication with regulators and promptly addressing any compliance issues is crucial.
How does implementing strong KYC policies help in regulatory fine avoidance?
Implementing strong KYC policies helps in regulatory fine avoidance by ensuring that payment processors accurately verify the identities of their clients, reducing the risk of facilitating money laundering or fraudulent transactions. Comprehensive KYC processes include verifying customer information against reliable databases, conducting due diligence on high-risk clients, and continuously monitoring customer transactions for any suspicious activities. This not only aids in compliance with AML regulations but also strengthens the overall security and integrity of the payment system.