On Sept. 20, 2021, in VANCOUVER, BC, INETCO Systems Limited, announced the launch of INETCO BullzAI – a system reducing false positives and fraud losses. INETCO BullzAI combines a firewall with a real-time payment fraud detection and blocking system in one solution.
INETCO BullzAI detects and blocks fraudulent payment transactions before they are complete – most other fraud solutions cannot detect or action until after the transaction is complete. The benefits include fewer false declines, the system doesn’t interrupt legitimate payments, reduced fraud losses and back-office costs for disputes and chargeback processing.
“INETCO BullzAI captures, decodes, correlates and analyzes each payment transaction as well as every one of the message fields in real-time, from start to finish. Using this data, INETCO BullzAI is able to detect anomalies in a transaction using a card/customer-specific machine-learning model paired with behavioural analytics.” Reported by Cision.
Essentially, the system facilitates real-time risk scoring for every client – immediately updating on every transaction.
The CEO of INETCO stated how excited he is by the potential for BullzAI to reduce the brunt of payment fraud and to help our clients provide the best possible experience to their customers.
INETCO Insight has been selected by leading banks, payment service providers, and retailers in over 35 countries with aims to accelerate their digital transformation strategies and to speed up the detection of payment fraud.