HPS, the market-leading provider of mission-critical solutions to the cards and payments industry, announced today that it has won the award for the “Best Anti-Fraud Initiative” at the Smart Awards, held during “Cards & Payments Asia” in Singapore on 23rd and 24th April 2014.
The PowerCARD Risk & Fraud solution is a unique system offering a great flexibility and responsiveness integrating:
- Preventive measures such as predefined fraud patterns and trends based on the card industry best practices,
- A “Simulation” feature that facilitates pre-production testing of newly created rules on past data to evaluate the pertinence of the rule and ensure it highlights real fraud cases.
- A self-service module that can be accessed via either mobile or web-portal enabling customers to define their own profiles (opening for e-commerce, limiting card usage to specific countries, etc.).
This award confirms the quality of HPS’ solutions and our commitment to facilitating safe electronic payment transactions for all of our customers. HPS continues to invest substantial human and financial resources into R&D (more than USD 15 million in the last 5 years).
PowerCARD innovative solutions reassure users of payment systems, especially with the emergence of new technologies (m-payment, cloud or Near Field Communication).
“We are delighted to have won this award,” said Abdeslam Alaoui, General Manager, HPS Solutions. “Our payment solutions continue to go from strength-to-strength and this accolade only demonstrates this further. We’ll continue to enhance and improve our solutions, as customers require increasingly more stringent and secure security mechanisms in place to support their payments transactions.”