CashEdge

Key Features

• Proactive Risk Monitoring: CashEdge helps financial institutions mitigate risk and proactively stop fraudulent transactions by scoring all transactions for risk assessment using proprietary risk models that assess the probability of a transaction being fraudulent.
• Proprietary Risk Models: CashEdge’s proactive risk monitoring leverages the Company’s proprietary statistical models which evaluate and assign each transaction a Risk Score based on CashEdge’s probability score and a set of monitoring criteria. This score is used to identify suspicious transactions and prioritize them for appropriate review and investigation.
• CashEdge Navigator: This proprietary tool is used by CashEdge's risk team to manage the investigation and workflow of all suspicious transactions.
• Loss Management: CashEdge performs in-depth investigations in all instances of confirmed fraud. This helps financial institutions retrieve funds after a fraudulent transaction has been initiated to prevent future loss and identify any emerging fraud patterns.
• Link Analysis: When fraudulent activity is suspected, risk professionals investigate links between the suspected transactions and transactions occurring at other financial institutions within CashEdge's network, which includes 8 of the top 15 U.S. banks.
• Expert Fraud Investigation: Investigations are conducted by CashEdge's team of highly experienced and certified, in-house risk professionals. These professionals work with investigative counterparts at the affected financial institutions to determine the level and extent of fraud and to understand emerging trends and the changing nature of fraud that can be incorporated into risk monitoring.

Benefits to Financial Institutions

• Decreased fraud exposure
• Reduced severity of losses when fraud occurs
• Increased ability to recover funds from fraudulent transactions
• Enhanced ability to identify emerging fraud patterns with intelligence garnered via pooled knowledge from the CashEdge client base
• Minimized disruption to legitimate transactions
• Increased customer satisfaction

Benefits to Customers

• Superior protection from fraudsters
• Increased trust in online banking services
• Improved satisfaction with financial institution

Additional Information