Member Access Processing Launches AI-based Fraud Analytics Platform Sonar Fraud Forecaster

The Fraud Forecaster predicts the likelihood a card will experience fraud in the next 90 days and provides reissue recommendations that align with the credit union’s goals.

FREMONT, CA: Member Access Processing (MAP), the nation’s leading provider of the Visa DPS Debit, Credit, ATM, Prepaid, and Mobile Processing platform, announced the launch of their Sonar Fraud Forecaster, an AI-based fraud analytics platform designed to help credit unions detect card fraud weeks and months ahead of current available methods.

“At MAP, we take a proactive approach to card fraud,” states Cyndie Martini, MAP’s Chief Executive Officer. “Sonar helps credit unions identify compromised cards as much as six months earlier than some traditional tools. Early detection can help optimize its re-issuance process by pinpointing which cards will go fraudulent.”

Sonar Fraud Forecaster uses an algorithm that compares and combines merchant and card issuer data. Hundreds of millions of card transactions and fraudulent activity are compiled to find common points of compromise (CPP) accurately.

“This new algorithmic service combined with our traditional Falcon and Real-Time scoring methods create a true and combative approach to MAP’s suite of fraud solutions,” states Martini. “Our solutions allow MAP clients to perform on average 37 percent better than the Visa National Average when it comes to Fraud in basis points losses.”

Sonar helps card issuers prevent fraudulent card reissues by detecting potential fraud before it happened. The Fraud Forecaster predicts the likelihood a card will experience fraud in the next 90 days and provides reissue recommendations that align with the credit union’s goals. Sonar’s CPP analysis is performed daily, generating a prioritized list of potential compromises that impact an issuer’s cardholders. The Fraud Forecaster scores provide actionable insights on network alerts and help reduce unnecessary or fraudulent card reissues.

“We offer our tech-driven tools to enable the detection of fraudulent card transactions while continually working to find newer and more effective avenues to prevent cardholders from being targeted,” said Karl Kaluza, Chief Marketing Officer at MAP.

The firm was selected as one of the Top Fraud Detection and Prevention Solution Providers 2021 by the Financial Services Review Magazine.