Fraud.net has released a few new rules for to our Banking Case Management Portal. We received feedback that our users wanted to dig deeper into the relationship between their customers and the counterparties they transact with. As a result, we are now keeping track of your customers' counts and sums with each counterparty at a variety of levels. 

Also, we have added the "Advanced Settings" feature to now includes few more fields and is enabled for MCC-related rules. 

Furthermore, you can now see if your customer's name is contained in the payment reference or counterparty. This may be a sign of money laundering.

Read below for all the specifics!

Count with Counterparty

Limit for number of transactions for a Customer, Account or Payment ID with that specific Counterparty

• Count of transactions for [Dropdown with Customer ID/Account ID/Payment ID] with Counterparty [seller_id] is gte/lte x in a time period

Limit for value of transactions for a Customer, Account or Payment ID with that specific Counterparty 

• Sum of transactions for [Dropdown with Customer ID/Account ID/Payment ID] with Counterparty [seller_id] is gte/lte x in a time period

Counterparty Contains Customer Name

• Counterparty Name [seller_name] is/is not/contains/starts with/ends Customer or Company Name [customer.first_name and customer.last_name OR customer.company]

Payment Reference Contains Customer or Company Name 

• Payment Reference [transaction.reference] is/is not/contains/starts with/ends [customer.first_name and customer.last_name OR customer.company] 

Velocity Advanced Settings Updates

• The Advanced Settings now includes the following filters: Card Present Flag (payment.card_present) and Cardholder Auth (payment.ch_auth). 
• Advanced Settings has now been enabled for Count/Sum of MCC over time velocity rules