Fraud Risk Management Services (FRMS)

1LINK equips member with a complete fraud detection and prevention suite, along with the tools to handle associated risks. 1LINK Fraud Risk Management Services (FRMS) augments the immunity of the payments ecosystem by enabling member banks/FIs to monitor suspicious activity on their debit/credit/prepaid/gift cards and account portfolio including internet and mobile banking covering both Off-Us (Cross-Switch) and On-Us transactions across alternate delivery channels in Issuing and Acquiring scenarios.

36 banks/FIs are already managing their fraud risk via 1LINK’s FRMS. 1LINK centrally hosts this application, and members subscribing to this service can access it through web using secured point-to-point connectivity for monitoring alerts and onwards investigation using interactive UI and reports. Being a user-friendly fraud analysis system, it allows members to review available transactional data, with a in depth investigation of alerts, along with review of cardholder usage profiles, alerts history, case management notes, and fraud tagging.

1LINK FRMS is equipped with a prevention mode that guarantees real-time decision-making capability at the bank’s level before authorization of the transaction. However, the enablement of this mode requires direct integration of FRMS with the bank’s/FI’s switch.