Credit Card Fraud

Challenges
Solution
Why LogicPlum

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Challenges

It is challenging and costly to efficiently investigate every credit card transaction for possible fraud. Besides, normal customers may find being investigated unpleasant, and, as a consequence, they may decide to close their accounts.

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Opportunity

With LogicPlum, organizations can automatically create very efficient models, which they can use to identify potential fraud. As a result, they only need to focus on those suspicious transactions, reducing the risk of targeting honest clients. The benefits are many: lower investigation costs, increased customer satisfaction, improved fraud detection, and increased client’s confidence in the organization.

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Why LogicPlum

LogicPlum helps organizations to automatically create models that can detect potentially fraudulent transactions. As a result, they can focus on those cases that are important, significatively reducing the time spent on low-risk transactions.