Post on 27-Jul-2015
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Introducing Tranwall Transaction Control
to
Control | Convenience | Peace of Mind
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Banks incur losses directly and indirectly due to fraud
Cardholders are inconvenienced
due to predictive technologies causing declined transactions even when funds are available
Debit & Credit Cards are not secure
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Fraud as percentage of issuing transaction value across the EU
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0.000%
0.010%
0.020%
0.030%
0.040%
0.050%
0.060%
0.070%
Source: European Central Bank – Third Report on Card Fraud 2014
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Allow cardholders to participate in the
authorization logic of payments
The Solution
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The Solution – The Magic
Cardholders have the ability to enable and disable Transaction
Channels as and when required
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If a transaction fails, Cardholders can
enable the Transaction Channel
immediately
Transaction Notification
Blocked Dollar 329.00 at Apple Store Sockton Street because card was OFF for
HIGH VALUE TRANSACTIONS [03 Oct 14:04]
Cancel View Card
The Solution – SmartApp
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Application Examples
FAMILY
TRANSACTION CONTROL
FOREIGN
TRANSACTION CONTROL
Transaction for 600USD at Apple Moscow blocked. Reply with TRAVEL RU to activate card for 12 days in Russia
CARD NOT PRESENT
TRANSACTION CONTROL
CORPORATE
TRANSACTION CONTROL LOCATION BASED
TRANSACTION CONTROL
CARD PRESENT
TRANSACTION CONTROL
SELF SERVICE FOR
DAILY/MONTHLY/ALLOW LIMITS
SECURE & FLEXIBLE
CARD PRODUCTS
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The Solution – Minimum Impact
• Debit & Credit Cards don’t have to be reissued
• Opt-in scenarios allow cards to work as before until the cardholder enables Tranwall features
• No infrastructure changes required
• No merchant changes required
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2014 Card Control Figures
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Bank Value
• Dramatic fraud savings
• Admin savings • Reclaimed
transactions • Increased spend • Increased trust • Messaging savings • Billable service • Customer retention
• Control • Empowerment • Self service • Convenience • Peace of mind
Cardholder Value
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