Sonar for Card Issuers

Automated CPP detection and fraud analytics for debit, credit and prepaid portfolios.
Over 80% of credit unions and banks were impacted by a data breach in the past two years.
Over 50% of fraud losses are coming from locally breached merchants that traditional tools aren't picking up on.

What if you could detect card compromises in real time – both big and small – without relying on dated network alerts?

Enter Rippleshot Sonar for Card Issuers

Debit and credit card fraud shouldn’t be something you have to shoulder alone. Sonar delivers a valuable work product that enables card issuers to monitor and manage data compromises without the pressure and unnecessary focus on card reissuance by leveraging big data analytics via the Rippleshot Analytical Cloud.

Sonar is Now Endorsed by the ABA.

Exclusive Discount for Members

You’ve Never Used Anything Like This

Automation – No home-grown spreadsheets. No manual list uploading. Sonar analyzes your entire card portfolio nightly, bringing you fresh new information to take action on each morning.

Tokenization – All transaction data is tokenized and scrubbed of PII before being uploaded to Rippleshot’s Analytical Cloud.

Whales & Minnows Approach – Sonar identifies data compromises that involve dozens of cards, or thousands, picking up on compromises that card networks often don’t have time to investigate.

CP & CNP – With chip cards issued, or on their way soon, Sonar considers the need for a combined approach to cover both types of fraud.

Portfolio Agnostic – Credit, debit and prepaid cards are all at risk for fraud, and all three portfolios can be analyzed using Sonar.

Consortium Model – Sonar detection gets faster the bigger the data set gets, meaning all clients benefit from the data consortium and model adjustments without the need for version releases or new purchases.

How Sonar Works

A Dashboard Full of Actionable Insights

Introducing Fraud Forecast

Did you know that the average compromised card passes through not one, but three breached merchants? What if we told you, with all that considered, only 1-2% of compromised cards ever actually go fraudulent? Is your head spinning trying to figure out which cards are actually at risk? Ours, too. That’s why we created our Fraud Forecast.

What Is It?

Sonar automatically reviews every single card in an issuer’s portfolio every night, assessing its total exposure from all compromised merchants, along with other proprietary information, to provide a fraud forecast score indicating the probability that it will become fraudulent in the next 90 days.

How Does It Help?

1. It identifies the cards at the highest risk of fraudulent activity, so they can be reissued promptly.
2. It also identifies cards with an extremely low probability of becoming fraudulent, so issuers know which cards they can productively focus on.

fraud-forecast

Learn Why We Call it the Rippleshot Advantage

What They’re Saying About Rippleshot Sonar

“Regardless of the kind of security measure used to protect a credit card, once a fraudster has the card data, little can be done to stop him or her from using the information. However, there is a company that promises to stop more than half of the fraudulent spending from compromised cards – Rippleshot.” – Yahoo! Finance

Get a Demo of Sonar

We’re confident that with our automated CPP detection, smart rule writing and strategic card re-issuance information, Sonar can help reduce your losses from payment card fraud by at least 30%, if not more. Ready to see it in action? Just fill out the form to the right.



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