Fair Isaac Corporation, a provider of analytics and decision management technology, and Aconite, a provider of software and consulting solutions to the payments market, have teamed up to provide banks and transaction processors with capabilities to better manage fraud and risk in an off-line EMV environment.

The companies will jointly market Fair Isaac's Falcon Fraud Manager for payment card fraud detection and TRIAD adaptive control system for credit risk management with EMV Script Processor (ESP) and EMV Transaction Enabler (TRxE), Aconite's EMV software solutions. Together, these solutions create new capabilities designed to help banks adopt a balanced online/offline authorization policy, reduce operational costs, minimize fraud losses, and increase revenue through secure approval of more transactions and improved customer satisfaction.

Aconite's EMV solutions were designed to integrate with existing host systems, allowing the generation, management and delivery of scripts to change card parameters dynamically after issue and securely manage offline risk. The Fair Isaac and Aconite solutions can be combined with clients' existing systems as individual fraud and risk management solutions or as part of a broader EMV migration package.

Named after its originators Europay, MasterCard and Visa, EMV describes a set of requirements to ensure interoperability between "smart" or chip-based payment cards and point-of-sale terminals on a global basis.

The companies also plan to develop consulting services to help customers migrate to EMV.

Related links: (Open in a new window.)
www.aconite.net
www.fairisaac.com

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