Azerbaijan, Baku, July 3 / Trend /
Tieto company has provided MilliKart Group with Card Suite Fraud Management solution in order to secure their payment card operations. The solution consists of online fraud prevention and offline fraud detection parts that ensure adequate monitoring and proactive protection against suspicious activities of cardholders and merchants, as well as an e-commerce fraud prevention solution.
MilliKart Group has proved itself as a serious and reliable market player. Therefore, security is a very important aspect of providing high quality and value services. MilliKart Group started out with Card Suite Fraud Management solution pilot testing and was very satisfied as they were able to fullyfulfill their customer requirements and needs. MilliKart then obtained the full Fraud Management solution from Tieto. In the scope of the project Tieto specialists also provided consultations and training for MilliKart employees.
Card Suite Fraud Management identifies and adapts to new types of fraud by implementing new rules and changing existing ones per necessity. It supports automated monitoring that leads to efficiency and resource optimization.The powerful Rule Engine allows organizations to define and tailor rules in business language, so no IT knowledge is required, gather statistics and validate fraudulent case scenarios. Moreover, with the arising opportunities and threats of new technologies and internet, Tieto offers an E-commerce fraud prevention solution ensuring cardholder funds protection in thecard-not-present environment.
"With our off-the-shelf Fraud Management solution MilliKart Group can now not only fulfill the requirements of international payment organizations, but also prevent themselves from financial and reputational losses, therefore increasing cardholder trust and loyalty" comments Maris Ozolins, Director of Cards, Tieto Financial Services.
"With this type of Fraud Management solution we will be able to compete with other numerous solutions in the market and gain long term favorable positioning in the sensitive data protection environment" says Jalal Orujov, Executive Director, MilliKart Group.
Tieto is the largest Nordic IT services company providing full life-cycle services for both the private and public sectors and product development services in the field of communications and embedded technologies. The company has global presence through its product development business and global delivery centres. Tieto is committed to developing enterprises and society through IT by realizing new opportunities in customers' business transformation.
Founded 1968, headquartered in Helsinki, Finland and with approximately 17 000 experts, the company operates in over 20 countries with net sales of approximately EUR 1.8 billion. Tieto's shares are listed on NASDAQ OMX in Helsinki and Stockholm. Please visit www.tieto.com for more information.
MilliKart Group is one of the fastest growing, cutting edge technology companies in the region. Under the core parent brand MilliKart Group three activity directions - M + assist, M + money and M + thinking are consolidated. Services rendered by MilliKart Group are personalization of payment cards, processing services for card payments, security of card payments, support of card accounts, provision of ATMs, POS terminals and other equipment, printing PIN envelopes, provision of acceptance of card payments through ATMs, POS terminals, and other equipment, the provision of "Call Center" services to clients for 7 days 24 hours and numerous other services. In addition to these services, MilliKart Group provides consulting services in IT and is active in areas such as training programs, project management, software development and integration.
Please visit www.millikart.az for more information.