Off-line Detection – A Better Process
Blocking current transaction is a harsh measure that would hardly be carried out by the Issuer Back-Office Detection.
The ability to communicate with the customer on-the-spot gives OffLA the opportunity to make sure a fraudulent transaction had been found, before blocking.
It also allows OffLA to be “more suspicious” than any other fraud detection, and still not irritating the customer.
OffLA demonstrates extremely low rate of missed-fraud errors, yet without incurring the severe consequences of false alarms
OffLA Advantages over legacy back-office detection
The only fraud detection solution working off-line
The only solution that gets on-the-spot customer approval upon suspicion
The only detection model capable of operating on a single customer level
Achieves higher accuracy rates, near 100%
Takes full advantage of multi-card usage on a single smartphone
Improves Service: No transaction loss due to service/communication failure
Reduces costs: Back-office call centre personnel, Referrals to Issuer
