SAN FRANCISCO, Dec. 14, 2010 /PRNewswire/ -- The Nilson Report, the leading publication covering payment systems worldwide, highlights the unique approach of iPrevent in the November 2010 issue (#960).
iPrevent is a real-time fraud prevention (Acquirer, issuer, prepaid, credit, debit, corporate, checks, etc.), compromised account detection and delinquency prediction solution for Financial Services, Retailers, Healthcare, Insurance and Mobile Payments.
iPrevent integrates ten artificial intelligence technologies, such as Smart Agents, Data Mining, Neural Networks, Business Rules, Fuzzy Logic, Simulation, Genetic Algorithms, Constraint Programming and Case-based Reasoning, into one unified product to provide an enhanced score.
Compared to other fraud solutions, which evaluate financial transactions using the same logic for all cardholders and merchants, iPrevent uniquely evaluates behaviors specific to an individual cardholder or merchant and is, therefore, the only product on the market with the ability to identify and stop the most elusive and costly first fraud (previously unknown fraud).
"This report from the world's leading publication in the payment systems highlights the unique advantages and benefits of iPrevent," said Raymond Kendall, Honorary Secretary General of INTERPOL and Executive Chairman of Brighterion.
Brighterion continues to lead the industry with its award-winning technologies. iPrevent can process more than 2,700 transactions per second in real-time with less than a 50ms response time with just one mid-range server and guarantees a 99.999% operational availability with just two mid-range level servers.
More than 100 prestigious banks and processors use iPrevent worldwide. To learn more about our company and products, please visit our website www.brighterion.com.
Brighterion is the worldwide leader in artificial intelligence and is recognized as the innovative leader in adaptive real-time fraud prevention, compliance and homeland security intelligence. Brighterion offers four products:
- iPrevent™: Adaptive real-time fraud prevention (Acquirer, issuer, prepaid, credit, debit, corporate, checks, mobile payments, etc.), compromised account detection and delinquency prediction solution for Financial Services Retailers, Healthcare, Insurance and Mobile Payments.
- iProtect™: Defense and Homeland Security Intelligence Solution
- iComply™: International Compliance and Anti-Money Laundering Solution
- iSupervise™: Enterprise Decision Management Suite
Brighterion has won enterprise-wide acclaim for its technology leadership from publications such as Warren, Gorham & Lamont (a unit of RIA) and recently received the Fraud Innovation World Series Award for Most Innovative Fraud Solution. Additionally, iPrevent received the 2006 Payment Security Product Excellence Award.
To learn more about Brighterion and its products, please visit www.brighterion.com.
Brighterion, iPrevent, iProtect, iComply and iSupervise are trademarks or registered trademarks of Brighterion Corporation in the United States and other countries.
SOURCE Brighterion, Inc.