QUATRRO PROCESSING SERVICES ANNOUNCES “STRATEGIC ALLIANCE” WITH RS2 TO DRIVE ADOPTION OF DIGITAL PAYMENTS IN INDIA AND SOUTH ASIA    Quatrro Processing will unveil innovative Fintech trends at Money 20-20 (October 22nd - 25th, 2017)

Fraud Management

The fraud loss numbers never cease to amaze with an alarming tale almost every day. As per the recent studies – checks, cards, wires, to name a few payment types are all vulnerable to fraud. Bank fraud is increasing in volume and sophistication. The average cost paid for each lost or stolen record containing sensitive and confidential information increased from $145 in 2014 to $154 in 2015 according to a recent study conducted by Ponemon Institute LLC.

The rise in unwarranted penetration by the perpetrators calls for an end to end fraud management framework that entails an added layer of transaction monitoring through human intelligence support. Quatrro has a proven track record in reducing fraud across all payment channels through industry trained experts in fraud mitigation. Quatrro’s 24/7/365 days monitoring services provide a security blanket across all payment channels in the sectors; retail banks, credit unions, payment processors and e-commerce merchants, worldwide. To comply with global standards of compliance and regulatory requirements, Quatrro is PCI DSS V3.0 certified; SSAE 16 Audit assessed with adherence to ISO 27001 and Data Protection Act, UK policies.

Quatrro’s Expertise:

Human Intelligence Support for Issuers

Quatrro’s fraud management services provide a critical layer of human intelligence to the fraud mitigation process.  Our six sigma fraud prevention analysts work as an extension of your existing fraud management infrastructure; they augment, not replace, your existing teams and technology. Quatrro leverages its expertise in transaction monitoring, analytics services and payment processing services to provide a complete fraud management service

Quatrro Processing Services takes risk management beyond the neural network and ‘bench’ support framework. Quatrro analytics utilizes a proprietary process of DRM (Dynamic Rules Management) to ensure continuous updates to the risk rules and near real time responses to latest risk patterns. Using BIG data analysis, Quatrro has assisted financial institutions including a Fortune 10 Bank to enhance their customer relationships and optimize enterprise risk management.

Traditionally, all banks and credit unions make technology investments to safeguard themselves from fraud incidents and meet regulatory requirements; however, it is imperative to have human intelligence deployed 24*7 which will ensure a high ROI (Return on Investment) of the technology investment.

Human Intelligence Support for Acquirers

As EMV rolls out in the U.S., CNP fraud is predicted to touch $6.4Billion by 2018; as quoted in a recent study of Aite Group. The rollout of EMV is widely expected to increase fraud risks especially in CNP (Card Not Present) space. Quatrro safeguards the reputation of the merchants by providing an end to end solution in combating CNP fraud, providing effective chargeback management and reconciliation services.

Our Business Excellence Framework consists of best in class analysts working on highly sophisticated proprietary systems, available round the clock to service merchant requirements. Pioneering the BIG Data analytics, Quatrro is able to enhance order acceptance, reduce cart abandonment along with increasing the merchant’s brand equity at a global level.

For more information about our card processing solutions, please email to: info@qpsinternational.com

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