Financial Crime World

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Banking Fraud Prevention in Croatia: A Comprehensive Solution

Croatia’s banking sector has been grappling with the menace of fraud, resulting in significant losses for financial institutions. To combat this issue, a leading provider of payment card fraud management solutions has introduced Lynx Fraud Management System, a cutting-edge tool designed to detect and prevent fraudulent transactions.

Overview

Lynx Fraud Management System is a superior fraud management product that offers near real-time access to critical information necessary to combat payment card fraud. The system performs highly automated screenings of incoming transactions, flagging suspicious transactions and reducing false positive fraudulent transaction alerts.

Code of Conduct

The solution ensures early fraud detection and fewer losses for banks caused by frauds. It also improves operational effectiveness through added-value functionalities, reduces the cost of electronic refunds and write-offs, and enhances user experience at the moment fraudulent transactions are detected.

Our Offer

  • Cardholder and Card Management: Enables creation of special lists for allowing or blocking transactions.
  • Issuer Authorization Service: Supports highly automated and sophisticated fraud monitoring.
  • Transaction Processing: Offers fraud detection supported by data mining techniques and predictive models.
  • Proximity Payments: Provides fraud notification services (SMS, email) functionality for quicker cardholder contacting.

ATM Solutions

  • Card acquiring benefits
  • Acquiring agreements
  • Guide for POS Terminals

E-commerce Solutions

  • Acquiring Agreement
  • Fraud prevention
  • Mandatory data

SoftPOS

The solution also offers SoftPOS, a digital platform designed to prevent fraudulent transactions.

Availability in Croatia

Lynx Fraud Management System is available in Croatia and provides support for the country’s financial institutions.

Effectiveness

The Lynx Fraud Management System has been proven effective in reducing losses caused by frauds, improving operational effectiveness, reducing costs, and enhancing user experience.

Efficacy

The solution improves operational effectiveness through added-value functionalities and reduces the cost of electronic refunds and write-offs.

Convenience

Lynx Fraud Management System enhances user experience at the moment fraudulent transactions are detected, providing a comprehensive solution for financial institutions in Croatia.