Case Study: a top 5 U.S. bank prevents fraud losses with USAN Fraud Vision

Financial Institution Detects and Prevents Fraudulent Activity Before Actual Losses

A top 5 U.S. bank needed a more effective method to detect and prevent credit card fraud across its decentralized systems. Their manual processes were slow, preventing them from identifying large-scale fraud rings or prioritizing cases effectively, which led to significant losses. They turned to vendor USAN for a solution.

USAN implemented its Fraud Vision solution, which centralized fraud tracking and automatically identified compromised accounts and emerging fraud rings. The system provided real-time notifications, prioritized cases for investigators, and integrated with the bank's existing channels. As a result, the bank detected 50% more fraudulent activity, prevented a quarter of potential fraud losses, and reduced losses on compromised accounts to zero in many cases, ultimately protecting up to $100 million monthly.