Orbipay AIQ

Fraud Prevention for Instant Payments

See Demo

Analyze every dimension of consumer identity to maximize auto-approvals, minimize fraud risk, and streamline risk operations.

While instant payments are an important component of payments modernization, growing adoption brings unique fraud risks. However, many legacy systems were not designed with real-time transactions in mind and are not equipped to handle real-time fraud prevention. To address this need, Alacriti has partnered with Socure to offer Orbipay AIQ powered by Socure. Orbipay AIQ enables financial institutions that are on the Orbipay Payments Hub to access integrated synthetic identity fraud prevention for instant payments. This solution is a quick, efficient, and effective way for financial institutions to manage risk and fraud when introducing instant payment capabilities to their accountholders—without removing their current fraud system.

View Infosheet

Key Features

Sigma Identity Fraud

Analyzes every dimension of consumer identity to detect third-party fraud across the digital lifecycle.

Sigma Synthetic Fraud

Uses machine learning trained with consortium data from the largest financial institutions to predict synthetic identity fraud.

Email RiskScore

The Email RiskScore module predicts the risk associated with an email address and its correlation to an identity based on hundreds of data elements, including deliverability, age of the email, domain type, and alternative email addresses linked to an identity.

Phone RiskScore

The Phone RiskScore model predicts the risk associated with a phone number and its correlation to an identity using various risk intelligence and phone number attributes, including how often the phone number has been ported, length of subscriber tenure, and line type.

Address RiskScore

The Address RiskScore model predicts the risk associated with an address and its correlation to an identity using various risk intelligence and redundancy attributes, including deliverability, tenure of the identity at the address, and property type.

Alert List

Socure’s consortium database of known harmful identities to weed out bad actors.

Decision Module

Hosted controls interface that orchestrates customer decision logic.

Operations Portal

Access vital transaction scoring output and transaction reports via the Alacriti Operations Portal.

Benefits

Speed

Consolidate payment processing, orchestration, and settlement for all payment types through a single system. Centralized processing helps to lower processing costs and improve operational efficiencies.

Better Fraud Detection

Orbipay AIQ operates on a number of levels to fully assess who the sender or recipient is and to validate their authenticity. By utilizing several data inputs, the model can be more robust and hence accurate in scoring individuals in the transaction

Easier Reporting

OrbiPay AIQ fraud solution is easily accessible on demand in the Orbipay Operations Portal. The portal combines a one-stop shopping approach to the retrieval and analysis of vital payment and fraud reporting information in one easy-to-access screen.

Stop Repeat Offenders

Financial institutions don’t have to fall victim to the same scams executed at other FIs. Although FIs can also add their own Alert Lists to the system, Orbipay AIQ provides a comprehensive list of parties who are suspects across thousands of other FIs, helping to identify issues before they become a completed transaction.

Balanced Approach

The expanded fraud model accuracy, coupled with a low false positive rate, provides a balanced approach to fraud detection for instant payments.

Continuous Improvement

The system is frequently updated and refreshed, offering additional fraud prevention benefits as the models mature.

Fully Integrated System

Works with all Orbipay Payments Hub offerings including, ACH, Wire, RTP® network, FedNow® Service, and Visa Direct, leveraging the data from all rails for more effective fraud prevention.

Improves What You Have

Augments existing enterprise fraud systems, making them better and more informed.

Related Resources