Case Study: Elo reduces fraud by 90% with Feedzai

Elo reduces fraud by 90% with Feedzai

Elo, a major Brazilian card network and payments hub, faced the challenge of scaling its fraud prevention capabilities to ensure secure and seamless payments across its growing portfolio. They needed a highly customizable and flexible solution to manage fraud for their numerous issuing bank clients and support expansion into new payment areas. They partnered with Feedzai to implement its Transaction Fraud solution.

Feedzai implemented a multi-tenant fraud prevention platform tailored for Elo's use case, enabling them to migrate over 35 issuer clients with minimal impact. The solution provided key capabilities like a case manager and custom API integration. The results for Elo included a 90% reduction in fraud basis points for one issuer and significant overall cost reduction. Feedzai's platform provided the foundation for Elo to explore new business opportunities and gain a competitive edge.

Elo