Advanced Fraud Solutions has partnered with Q6 Cyber to help financial institutions boost fraud prevention and detection.
As part of the deal, Q6 Cyber will integrate its data feeds directly with TrueCards fraud prevention software platform, providing valuable insights and fraud loss savings. By combing the platforms, financial institutions would be able to identify payment cards which have been hacked or compromised before they have been used fraudulently.
In addition to this, financial institutions can automate compromise analysis to detect breached merchants to help fraud investigators to proactively stop, block and reissue cards.
Advanced Fraud Solutions is a fraud mitigation tool developer for financial institutions protecting them from card fraud, check fraud, and online banking fraud.
Its TrueCards solution pro-actively monitors card holder transactions for test sites, breaches, and common points of compromise. Financial institutions are able to determine the cause of compromise and instantly block all cards which are at risk.
Q6 Cyber is a threat intelligence startup which identifies and removes cyber threats and fraudulent activity. It monitors cybercriminal and fraudster marketplaces, communities, networks and forums to uncover any threats before they are exploited.
Advanced Fraud Solutions vice president of strategic partnerships Ted Kirk said, “By combining this [Q6 Cyber] powerful intelligence with our market-proven TrueCards® tool for CPC location, we are delivering a best-in-class solution for fraud investigators looking to prevail over the stubborn threat of losses due to card fraud. This is one of those exceptional cases where the whole of the integrated solution is truly greater than the sum of its parts.”
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