DFSP could implement a separate fraud monitoring system which could be invoked by the Payment Hub as part of the outgoing or incoming payment flow.
DFSP side fraud monitoring could utilize much more information about the customer, compared to simply monitoring the flow of transactions, such as: A priori knowledge of customer’s accounts, typical transaction mix, channels, geolocations, devices used, rate of typing.
Transactions can be:
Stopped - in case of scoring high by the fraud monitoring system
Paused - contacting the customer for validation on other channel and resume the transaction later
Let it go through
Fraud monitoring does not alert on the given transaction
Fraud monitoring subsystem is not responding in the given timeframe
DFSP could implement a separate fraud monitoring system which could be invoked by the Payment Hub as part of the outgoing or incoming payment flow. DFSP side fraud monitoring could utilize much more information about the customer, compared to simply monitoring the flow of transactions, such as: A priori knowledge of customer’s accounts, typical transaction mix, channels, geolocations, devices used, rate of typing. Transactions can be: