Banorte strengthens Fraud Prevention with Next Generation Advanced Authentication Technology from CA Technologies
16 Aprile 2015 - 3:15PM
Business Wire
Largest Mexican-controlled Bank is First in
Latin America to Offer Cardholders Convenience and Security with CA
SaaS-based Solutions
CA Technologies (NASDAQ:CA) and Grupo Financiero Banorte, S.A.B.
de C.V. (“GFNORTE”) (BMV: GFNORTEO) today announced that Banco
Mercantil del Norte, S.A. (“Banorte”), one of Mexico’s largest
financial institutions and a subsidiary of GFNorte, is implementing
CA Risk Analytics to better distinguish fraudulent transactions
from legitimate transactions and deliver a more secure and seamless
credit card user experience.
A long-time provider of strong authentication via the 3-D Secure
protocol and CA Transaction Manager, Banorte has further advanced
its authentication and fraud prevention capabilities using CA Risk
Analytics, a transparent, intelligent risk assessment and fraud
detection solution for 3D eCommerce transactions. CA Risk Analytics
offers advanced, statistical predictive models to assess the risk
of online, card-not-present (CNP) transactions.
CA Security solutions form the foundation of Banorte’s and Ixe´s
Compra Segura, a key initiative to improve the online payment
experience for its 1.7 million credit card customers, reduce
fraudulent use of cardholder credentials and provide its customers
a stronger credit card product with more benefits. The solution
provides a frictionless customer interface for authenticating
cardholders during the checkout process to help prevent credit card
fraud. In this way, more than 30,000 transactions are protected on
average every week, with more than the 40 percent of Banorte and
Ixe customers enrolled on Compra Segura.
“Security and convenience are the two critical demands from our
customers of our affiliate Banorte-Ixe Tarjetas S.A. de C.V. SOFOM
E.R. Since implementing CA Risk Analytics, we have seen a dramatic
decrease in transaction abandonment and improved the enrollment and
update process. We’ve more than tripled the number of enrolled
users, and also increased the authorization rate 15 percent,
requesting authentication for only one fourth of the transactions,”
said Manuel Romo, President of Products, Banorte. “The advanced
authentication capabilities from CA Technologies give us the
confidence that our customer transactions are secure while
providing the customer with a seamless user experience.”
CA Risk Analytics relies on neural network models powered by
machine learning techniques that capture data about individual user
actions. This helps distinguish legitimate from fraudulent
behavior. Optimized for 3-D Secure protocol, CA Risk Analytics
helps prevent CNP fraud by transparently assessing the risk of a
transaction in real-time.
“There is a need for a more advanced CNP fraud detection
strategy that goes beyond simply comparing the current transaction
to established fraud indicators. Using CA Risk Analytics can
provide a more accurate assessment of which transactions to
authenticate as legitimate and which transactions need to be
flagged as potentially fraud,” said Nick Craig, vice president,
Secure Payments, CA Technologies. “We have been working with
Banorte to implement and deploy the best secure online payment
solution.”
About Grupo Financiero Banorte, S.A.B. DE C.V.
(GFNORTE)
Grupo Financiero Banorte (GFNorte; BMV:GFNORTEO) is one of the
leading financial institutions in Mexico. After merging with Ixe,
it became the third largest in the country and the largest
financial group controlled by Mexican shareholders. Currently
serving 13 million customers all over the country through a network
of 1,300 branches, over 7,000 ATMs, over 5,300 banking
correspondents and more than 162,000 POS terminals. GFNorte offers
products and brokerage services, asset consulting, investment
companies, leasing and factoring, warehousing, insurance, pensions
and retirement savings. It runs the main Retirement Funds
Administrator in Mexico, Afore XXI Banorte, serving more than 17
million accounts. Banorte has a presence in southern Texas through
Inter National Bank, as well as in New Jersey and California
through money transfer companies Motran and Uniteller, and also in
New York, through Banorte Securities International. Banorte is one
of the banks with better asset quality indicators within the
Mexican financial system and possesses high levels of
capitalization and liquidity. Learn more at www.banorte.com.
About CA Technologies
CA Technologies (NASDAQ:CA) creates software that fuels
transformation for companies and enables them to seize the
opportunities of the application economy. Software is at the heart
of every business in every industry. From planning, to development,
to management and security, CA is working with companies worldwide
to change the way we live, transact, and communicate – across
mobile, private and public cloud, distributed and mainframe
environments. Learn more at www.ca.com.
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Legal Notices
Copyright © 2015 CA, Inc. All Rights Reserved. All trademarks,
trade names, service marks, and logos referenced herein belong to
their respective companies.
CA TechnologiesLeanne Agurkis,
407-620-2136Leanne.Agurkis@ca.comorBruno Rossini, +5511 98485
7496Bruno.Rossini@ca.com
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