FIS SecurLOCK offers financial institutions a comprehensive, AI-powered solution designed to protect against the damaging financial and reputational impacts of card fraud. It provides a holistic approach to managing card fraud, ensuring compliance, and mitigating risk through powerful, multi-layered protection. The system is available in two distinct packages: FIS SecurLOCK Premium and FIS SecurLOCK 360. SecurLOCK Premium leverages intelligence from 75 billion transactions processed annually to optimize fraud detection, leading to higher detection rates and reduced losses. This package includes tools for compromised card detection and chargeback processing. For a fully managed fraud protection program, SecurLOCK 360 adds financial reimbursement in the unlikely event of fraud loss.

Both packages are equipped to combat account takeover (ATO) fraud, which accounts for a significant portion of existing account fraud. They provide near-real-time account management alerts, notifying customers when an attempt is in progress, thereby reducing detection time and minimizing potential losses by up to ten times. The platform's real-time transactional monitoring identifies and mitigates fraud with speed and accuracy, blocking accounts when ATO is detected and sending alerts for requested account changes. By effectively thwarting fraud, SecurLOCK allows institutions to shift their focus from protection to expanding their e-commerce business and cardholder portfolio.

Features & Benefits

• AI-Powered Fraud Detection
  • Utilizes a comprehensive, AI-powered toolset to optimize fraud detection based on intelligence from 75 billion annual transactions.
• Flexible Solution Packages
  • FIS SecurLOCK is offered in two distinct packages to meet varying institutional needs.
  • FIS SecurLOCK Premium: Optimizes fraud detection for higher rates and lower losses, including compromised card detection and chargeback processing.
  • FIS SecurLOCK 360: A fully managed fraud protection program that also includes financial reimbursement for fraud losses.
• Real-Time Transactional Monitoring
  • Identifies and mitigates fraud with speed and accuracy on the first attempt.
• Account Takeover (ATO) Prevention
  • Provides near-real-time account management alerts to customers when an ATO attempt is in progress, blocking accounts upon detection and sending alerts for requested changes.
• Rapid Loss Minimization
  • Reduces time to detection, minimizing potential losses by as much as 10 times.
• E-commerce Growth Enablement Allows institutions to focus on expanding their e-commerce business and cardholder portfolio by effectively managing fraud.
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