Risk Control Services is Paramotor’s’ in-house developed state-of-the-art risk containment engine based on algorithms and rules. Our risk transactions flagging and false positive ratios are in line with global standards. The goal is to protect merchants and financial institutions from losses arising from fraudulent transactions.
RCS is a risk engine that is acquirer specific. Most of the other risk engines are Issuer side risk related engines that have been re-engineered for Acquirer side purposes
It is a complex engine that works with a combination of Analytical models, algorithms and rules (See below diagram). The key IP in RCS is:
⦁ The merchant model which assigns a risk score to merchants based on a number of attributes of the merchants
⦁ 'Decision rules’ which decide whether a merchant’s transactions need to be flagged to a risk analyst
Fraud methods are constantly evolving and since Analytica is entirely in-house developed, updates as well as new rules can be built immediately as and when gaps are identified