Point of Sale Fraud Detection Solutions
Don’t let your money erode
Fraud and abuse tends to creep in where money and products change hands. Illegal tricks with point-of-sale (POS) transactions and loyalty cards, as well as the mismanagement of supplies can cause significant financial damage. Manual fraud detection efforts are quite superficial and address only already known fraud schemes. Retailers, restaurant chains, and other organizations need reliable technological systems that will help them detect and eliminate fraud and abuse comprehensively and systematically.
Detect fraud and abuse
Megaputer offers a fraud detection solution that works on your stream of POS data. The solution identifies normal behavior patterns, detects possible fraud and abuse, and helps detect the root cause of the problem.
How it works
Compare apples to apples
The solution sets up metrics putting on the same grounds all stores, regardless of their specifics: large or small, urban or rural, etc.
Detect anomalies
Based on the analysis of the bulk of transactions, the solution determines normal behavior patterns and then identifies anomalies.
Expose fraud and abuse
The system aggregates the detected anomalies by the cashier, manager, and store to reveal systematic deviations in behavior and determine the root cause of the problem.
Set systematic controls
Once a new fraud scheme is revealed, the solution adds a new business rule that can prevent this fraud scheme. The stream of new transactions passes through the complete collection of fraud prevention rules to identify bad sequences of transactions early.
Benefits
