Combatting fraud and scams for issuing and recipient financial institutions
STAY AHEAD OF FRAUD WITH FRX
The Fraud Reporting Exchange (FRX ) is a trusted, secure, single platform which provides a more timely and efficient means of reporting and actioning fraudulent (including Scam) activities between issuing and recipient financial institutions; helping you stay ahead of scam activity and better meet the needs of your organisation and customers.
The Benefits
SHARED INTEL FOR FRAUD PREVENTION
Timely shared intelligence with potentially impacted institutions, enabling deeper investigations for stronger fraud prevention
Multiple Transactions Management
Process multiple transactions under one case providing greater efficiency for managing activity
ONE SYSTEM FOR REPORTING
Near real-time centralised reporting between issuing and recipient financial institutions on fraudulent activity
SECURED INFRASTRUCTURE
Secured and tracked communications with financial institutions in-system, negating phone and emails
INDEMNITIES & RECOVERIES (IREC)
Recovery process is incorporated to enable a seamless communication with receiving bank in the recovery and return of funds
