Logica's C-TAS solution allows financial institutions to alert cardholders of any suspect card transactions, anywhere in the world.
The system works by picking up exceptions issued from the card issuers' fraud-management systems or through alert parameters predefined by the consumer.
When one of these parameters is breached, a Short Message Service text alert is sent asking the consumer to respond immediately to the card issuer to verify whether a transaction is valid or fraudulent.
Logica says this method is quick, and is, therefore, also a highly reliable and more cost-effective way of tackling card fraud than traditional telephone or mail contact with consumers, thereby reducing administration costs.
Logica's C-TAS solution is also integrated with the company's Global Interconnect Network, which provides messaging interoperability between mobile carriers across the world.
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