Lynx Card Fraud Detection Solutions

How Lynx helps you with Card Fraud Detection

 In today’s dynamic real-time payment environment, criminals constantly adapt their tactics to commit card fraud. They increasingly exploit card not present (CNP) channels to generate fraudulent payments at scale, turning your own systems against you.

Existing fraud detection tools lag behind, unable to connect all of the suspicious account, transaction, and behavioral information across customers and accounts. Static AI tools, while an improvement over rules-based systems, lose accuracy over time. These critical capability gaps leave your institution facing a dual challenge. Inaccurate anomaly detection causes high false positives that block legitimate transactions, while the financial and operational costs of fraud and chargeback reimbursements often fall directly on you.

Lynx’s adaptive AI empowers you to detect fraud with precision, at scale and in real time:

  • Daily Adaptive Models: Our sophisticated machine learning models self-learn and adjust to new types of fraud daily, unlike static models that take months to update. You automatically stay current with the latest threats to stop more fraudulent transactions.
  • Comprehensive real-time detection: By analyzing every transaction across every channel in milliseconds, Lynx identifies fraud the moment it occurs. You stop financial losses before they happen.
  • Lower false positives: Our models continuously learn to understand shifting customer behavior with precision, enabling you to minimize customer friction while preventing costly fraudulent chargebacks and unauthorized transactions.

With Lynx, you’re empowered to adapt as fast as fraudsters to protect your institution and customers.

How Lynx Fraud Prevention Works

Stop Fraud in Real Time

Lynx Fraud Prevention detects and stops fraudulent transactions in milliseconds before they harm your organization and customers.

Graph titled 'Static vs Daily Adaptive' comparing 'Model Performance'. The Y-axis is 'SAVINGS' and the X-axis is 'FRICTION'. A red line, 'Daily Adaptive model', curves above a black line, 'Static model', indicating higher savings with less friction for the Daily Adaptive model.
Graph titled 'Static vs Daily Adaptive' comparing 'Model Performance'. The Y-axis is 'SAVINGS' and the X-axis is 'FRICTION'. A red line, 'Daily Adaptive model', curves above a black line, 'Static model', indicating higher savings with less friction for the Daily Adaptive model.

Stay ahead of evolving fraud with Daily Adaptive Models

  • Lynx’s Daily Adaptive Models are advanced AI models that continuously learn from new data to intelligently detect more fraud with less friction.
  • Learn automatically: The model teaches itself which patterns matter most instead of relying on rules set months ago.
  • Adapt fast: If a new behavior or transaction signals fraud, the system quickly adjusts to stop it.
  • Always improve: The model retrains and tests itself daily to stay accurate and effective.
  • Quickly update: The system retrains with new data and deploys a smarter model in just hours.
  • The result? A fraud detection engine that never stops learning, combining past experience with the latest insights to stop threats in real time. 
  • Experience significant fraud savings: Lynx’s system detects more fraud with fewer false positives than static and rules-based systems.

Explore how Lynx’s Advanced Daily Adaptive Models are transforming financial crime prevention [Read the white paper]

Unlock continuous fraud detection improvement

1. Enrichment: Payload data is enriched with user transaction, device, behavior, and financial identity data to create a high-fidelity profile. 

2. AI Scoring: The Daily Adaptive Model analyzes the enriched data for anomalies and gives the transaction a precise fraud risk score.

3. Detection: A configurable rules-based decision engine suggests an “approve” or “deny” decision based on the AI risk score and your organization’s defined risk tolerance.

4. Alert: Suspicious, high-risk transactions generate an alert and are immediately halted for analyst review. 

5. Daily Feedback and Improvement: Fraud analysts provide human-in-the-loop feedback by approving or denying flagged transactions, giving the Daily Adaptive Model more intelligence while ensuring it stops fraud today.

BCP reduces fraud by 30% with Lynx Fraud Prevention

Discover how BCP is revolutionizing fraud prevention with Lynx’s advanced Fraud Prevention solution. [Explore the case study]

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Discover how Lynx helps you transform card fraud detection

Lynx is trusted by multinational organizations across the globe. We detect and prevent fraud and financial crime with unmatched speed, accuracy, and expertise.

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Real-time detection, on-premises or in the cloud

Deploy Lynx on-premises or in the cloud for rapid fraud detection. Daily Adaptive Models process 99.99% of transactions in under 50ms on-premises and under 100ms in SaaS deployments.

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Versatile risk scoring

Layer Lynx’s advanced AI risk scoring over your existing systems or rip and replace to deploy Lynx as a comprehensive fraud detection solution.

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Meet compliance and messaging standards

Lynx is compliant with PCI-DSS, ISO 27001, and SOC 2 for strong data security. We also meet ISO 20022 and ISO 8583 to align with global messaging requirements.

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See the full fraud picture with a 360-degree view

Lynx empowers you to connect disparate data across channels to build a unified, 360-degree customer view. Incorporate data from all payment channels including online, mobile, and telephone banking as well as card present and card not present transactions.

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Flexible payload configuration

With Lynx Flex, you can easily adjust which data fields are used for fraud detection to match your unique transactions and customers. Changes don’t require coding and take effect across the system in about an hour, delivering immediate impact.

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Comprehensive, intuitive data visualization

Create custom dashboards, check the detection model’s performance, evaluate rules, and track emerging fraud trends using real-time queries in Lynx’s reporting module. We store your enriched payloads and visualize them in digestible graphics so you can see the data you want, when you want it.

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Maximize results with expert integration and support

  • Collaborative build: Our professional services team helps you build and configure fraud detection models based on your unique needs and data, all within Lynx’s platform.
  • Seamless deployment: Our solution integrates with your existing workflows to ensure a smooth transition.
  • Ongoing support: Our support team is always available to help you manage new challenges.

*average performance for an on-premise deployment using TCP/IP socket

Are you ready to experience Lynx’s Fraud Prevention solution?
Contact us for a demo.