NOTO, a data science company that offers real-time risk management and fraud prevention, and iCard AD, a multi-national payments services leader, announced their recent commercial engagement.
As a large-scale payments organisation, iCard handles big volumes of data through multiple channels on a daily basis, facing numerous fraud, financial and regulatory risks. Deploying NOTO brings a next level data processing solution to iCard across their various business verticals. NOTO will help iCard to instantaneously monitor, detect and act upon a multitude of events, such as account creation, merchant onboarding, account loginsand financial transactions, covering all channels and allowing for an omni-channel fraud prevention.
NOTO will also enhance the existing capabilities of iCard, facilitating self-defined rules that help meeting card schemes requirements for fraud and business monitoring, as well as requirements pertaining to the PSD2, related to transaction limits and fraud data reporting.
NOTO, a product of Notolytix Ltd. is a real-time data processing platform that is completely data and industry agnostic and allows organisations to process any type of customer events and deliver instant alerts, recommendations and actions. NOTO can be implemented at a single or multiple points of customer interaction and covers all payment channels offered by the customer, allowing for omni-channel fraud prevention and payments monitoring.
iCard AD is the largest non-bank e-money institution in Bulgaria by number of employees, product portfolio variety, transaction volumes and an undisputed market leader in the European Payments Industry.
Incorporated in 2007, with more than 10 years of experience, iCard has built expertise and know-how in developing innovative payment solutions. With more than 500 employees operating in 6 corporate offices, in 5 different countries, the company mission is to help businesses and individuals from around the world transfer money and make and accept payments in an intuitive, cost-efficient and safe way.
iCard offers and manages a rich and diverse portfolio of products and services, including and not limited to issuing and acquiring services, credit card products, e-money accounts, credit card processing solutions, mobile payment apps and ATM services.