Credit/Debit Card Fraud

SentryNet is well versed in preventing credit/debit card fraud. Our experience stems from developing, implementing and managing a credit card fraud platform that was utilized by 150 plus banks across the country. To working hand in hand with local law enforcement and members of Secret Service to combat merchant data breaches by identifying the Common Point of Purchase (CPP) and stopping fraud at the source.

We’ve also had the privilege to work on high profile projects providing anti-fraud consulting for cutting edge payment platforms rolled out by a large international issuer. Our efforts along with other talented resources greatly contributed to establishing and implementing                                                                                                                   the necessary safeguards so that the issuer could confidently begin to issue cards.

Card Fraud Services

At SentryNet, we have the knowledge and the experience necessary to assess your bank’s current rule sets and parameters to determine their overall effectiveness. We can then make recommendations to implement alternate global or custom fraud rules based on your financial institution’s needs as well as risk appetite. This approach will enhance your card fraud system allowing it to run at its optimal performance so that it can effectively combat card fraud.  We will also work with your financial institution in situations where you experience card fraud to determine the Common Point of Purchase (CPP) as well as reporting information to law enforcement when necessary. These added measures will stop fraud in its tracks reducing your overall fraud losses. In turn this will allow the time necessary for your financial institution to      confidently make key decisions as to whether or not to re-issue cards.

Check Fraud

Our team at SentryNet has extensive experience in combating check fraud. Whether it be third party fraud, first-party fraud, check kiting, or old check scams with creative new schemes. Our company founder was personally involved with co-developing a check fraud system while serving as a fraud manager for a local bank. The product not only served the bank well in combating check fraud, but it proved to be a worthy enough product to later be marketed to several financial institutions across the country and it’s still widely used today.

Check Fraud Services

Our experience with combating kiting and check fraud schemes along with our experience with developing check fraud platforms allows us to closely relate to our banking clients and understand their needs.  Together we can help assess and make decisions based on experience and not impulse. We will help determine the overall effectiveness of your banks existing parameters and rule-sets based on past fraud activity as well as system metrics that will prove overall effectiveness of your existing system parameters and rule-sets. We can then make recommendations to implement fraud rules based on your financial institution’s needs as well as risk appetite. This approach will enhance your check fraud system allowing it to run at its                                                                                                              optimal performance so that it can effectively combat fraud.