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PASHA Bank Secures Customers with Advanced Fraud Management Solution from Tieto

PASHA Bank Azerbaijan has taken a significant step to strengthen security and stability for its customers by implementing Tieto’s Card Suite Fraud Management solution. This new system aims to prevent and detect fraud, providing an even higher level of funds protection for cardholders.

Enhancing Security and Stability

According to Leyla Mammadova, Head of Direct Banking at PASHA Bank, “We understand that our target customer segment requires individual approach and a higher level of funds protection. With Tieto’s Fraud Management solution, we are now able to provide more security to our cardholders and minimize card fraud.”

The Card Suite Fraud Management System

The Card Suite Fraud Management System is an advanced rule-based fraud monitoring tool that consists of two main parts:

• Payment Card Fraud Prevention: Real-time prevention of fraudulent transactions
• Fraud Detection: Analysis of suspicious transactions, allowing for swift action against fraudulent activity

This comprehensive system ensures the detection and analysis of fraudulent transactions, as well as real-time prevention of fraudulent cases, eliminating fraud before it occurs.

A Proven Track Record

PASHA Bank has been successfully running on Tieto’s Card Suite platform since 2009. However, with years of growth and acquisition of new customers, the need for a dedicated and more specialized security tool arose.

By implementing Tieto’s Card Suite Fraud Management solution, PASHA Bank is now better equipped to provide its customers with an even higher level of funds protection and peace of mind.