SIX provides a highly sophisticated fraud prevention solution – enabling you to keep a close watch on any ‘at risk’ accounts, and step in with exactly the right response at precisely the right time.
You can configure everything very precisely (by institution, for example, or by segment, merchant, or cardholder). Other variables include timescales, locations, transaction volumes and characteristics. When pre-identified parameters are crossed, transactions could be declined, accounts could be added to a ‘watch list’, or clearing and settlement could be delayed.
Again, it is for you to determine the details. It is for us to put your policy into practice. And we keep on investing in new solutions. For example, our geo-blocking capability is a web-based tool that allows you – or your cardholders – to decline out-of-country transactions.