CA Southern Africa, a provider of IT management and security solutions, revealed on Tuesday the launch of CA Technologies, CA Risk Analytics Network.
The newly launched network is aimed at tackling online fraud.
The CA Risk Analytics Network is the payment industry’s only card-issuer network that stops card-not-present fraud instantly for network members.
This is done by using real-time behaviour analytics, machine learning and global transaction data to reduce online fraud losses by an average of 25 percent* – a potential of $2.2 billion in savings.**
As a cloud-based service, CA Risk Analytics Network incorporates a new advanced neural network model, backed by real-time machine learning, to protect 3-D Secure card-not-present (CNP) transactions.
It learns from, and adapts to, suspected fraudulent transactions in an average of five milliseconds, instantly closing the gap for potential fraud using the same card or device across all members of the network.
Read More HERE.
Source - IT News Africa