Logica uses SMS to fight card fraud

News

Logica uses SMS to fight card fraud

A text-messaging service from global solutions company Logica could help to reduce escalating levels of card fraud.

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.

Email Alerts

Register now to receive ComputerWeekly.com IT-related news, guides and more, delivered to your inbox.
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy
 

COMMENTS powered by Disqus  //  Commenting policy