The Comprehensive Solution

Brighterion’s payments solution provides everything you need to manage risk and profitability in a single platform.

Real-Time, Omni-Channel Fraud Prevention

Brighterion’s flagship fraud prevention solution, iPrevent, is a real-time behavioral profiling engine that combines our unique Smart Agents with 10 other artificial intelligence technologies to identify and stop previously unknown fraud schemes as they occur. iPrevent continuously updates the behavioral profiles for millions of cards across thousands of dimensions, including specific behavioral characteristics unique to each cardholder. The resulting detailed profiles not only track where and when transactions take place, they also provide in-depth intelligence about transaction methods and context. iPrevent uses these profiles to evaluate every transaction in real-time, assigning risk scores and extensive reason codes. iPrevent provides unrivaled scalability and speed with unprecedented detection rates and false positive reductions.

iPrevent enables the scoring of greater than 6,200 transactions per second (billions of transactions per month) with a response time of less than 10ms per transaction using off the shelf hardware and without a database. Brighterion’s solution leverages a unique, proprietary file and memory management infrastructure to provide best-in-class performance with minimal operational and capital resource requirements. This real, real-time capability makes iPrevent the ideal fraud scoring solution for the payments industry–where every millisecond counts.

Rather than being pre-programmed to try and anticipate every possible scenario or relying on pre-trained models, Brighterion’s unique Smart Agent artificial intelligence technology tracks and adaptively learns the specific behavior of every entity of interest, (cardholder, merchant, device, etc.), over time. Each Smart Agent pulls all relevant data across multiple channels to produce robust virtual profiles. Each profile is automatically updated in real-time, and the resulting intelligence is shared across all relevant business lines (card present, card not present, ACH, wire, etc.).

Benefits Include:

  • Less than 2ms response times
  • Works with off-the-shelf, mid-range hardware
  • Does not require a database / data warehouse
  • Works with any data, from any source at any volume
  • Unique adaptive learning capability

Real-Time Data Breach Detection

Every day counts after a data breach. Brighterion’s iDetect identifies payment card data breaches within days of the first fraudulent transactions. Rather than being preprogrammed to try and anticipate every possible scenario or relying on pre-trained models, Brighterion’s unique Smart Agent technology learns and tracks the specific behavior of every entity of interest (cardholder, merchant, device, etc.), over time. This 1-to-1 behavioral profiling provides unprecedented visibility into the behavior of cards and merchants.

Within and across each group, shared behavioral intelligence enables iDetect to develop a comprehensive profile of all card behavior for every merchant. Once suspected merchant breach location(s) are identified, the MPE passes this information back to the CPE, which updates the behavioral profiles for all cards visiting these locations and raises the corresponding risk scores. This approach enables iDetect to discover breaches faster than any other products on the market, enabling merchants and issuers to dramatically reduce the time to discover a breach, minimizing costs and brand damage.

Brighterion’s data breach detection solution, iDetect, consists of two real-time behavioral profiling engines –a card profiling engine (CPE) and a merchant profiling engine (MPE)–that combine Smart Agents with 10 other artificial intelligence technologies to rapidly identify breaches. The card profiling engine continuously updates the behavioral profiles for millions of cards across thousands of dimensions, including specific behavioral characteristics unique to each cardholder. The resulting detailed profiles not only track where and when transactions take place, they also provide in-depth intelligence about transaction methods and context. The CPE uses these profiles to evaluate every transaction in real-time and assign risk scores. These scores are then passed to the MPE, where they are grouped across multiple dimensions (e.g. specific merchant branch location).

Benefits Include:

  • 95% reduction in time to discover breach
  • Real-time, continuous transaction monitoring
  • Works with off-the-shelf, mid-range hardware
  • Does not require a database / data warehouse
  • Works with any data, from any source at any volume

Increased Profitability

Brighterion’s unique Smart Agent artificial intelligence technology tracks and adaptively learns the specific behavior of every payer in the system. Each Smart Agent is a virtual representation of a payer and pulls all relevant data across multiple channels to produce robust virtual spending profiles. This 1-to-1 behavioral profiling results in the lowest false positive rate available, while providing a comprehensive view of payer behavior. Minimizing improperly declined transactions and complete visibility into the revenue associated with every payer enables firms collecting transaction fees to maximize profits and minimize losses.

Brighterion’s solution leverages a unique, proprietary file and memory management infrastructure that provides best-in-class performance with minimal operational and capital resource requirements. Brighterion’s profitability solution currently scores billions of transactions per month with an industry-leading response time of less than 6ms per transaction using entry-level hardware and without requiring a database. Model building and Smart Agent creation are automated, enabling rapid deployments.

Brighterion’s real-time decisioning solution consists of two real-time behavioral profiling engines: a risk profiling engine and a profitability profiling engine. The risk profiling engine continuously updates the behavioral profiles for millions of payers across thousands of dimensions. The resulting detailed profiles not only track where and when transactions take place, they also provide in-depth intelligence about transaction methods and context. The risk profiling engine uses these profiles to evaluate every transaction in real-time, assigning risk scores and detailed reason codes. This transaction-level information is then passed to the profitability profiling engine, where it is enriched with historical information about payer value at both the account and institution level. The result is a unique, comprehensive view of the risk-adjusted profitability associated with each payer over time.

Benefits Include:

  • Unique decision engine identifies profit drivers
  • Real-time, continuous transaction monitoring
  • Works with off-the-shelf, mid-range hardware
  • Does not require a database / data warehouse
  • Works with any data, from any source at any volume