Fraud Monitoring

Risk monitoring tool

With the implementation of any Card Issuing and Acquiring project it is a critical and mandated measure to have a sound risk and fraud control in place and AfricaPay can provide valuable assistance and guidance as to best practice, project management, assessment and recommendation throughout the whole process whilst mitigating the losses and risks for the financial institution. The following steps will be used;


As such our Risk and Fraud Solution allows Issuing and acquiring transactions monitoring in real time as well as an efficient Omni Channel Fraud solution to minimize fraud losses and enhance the customer experience. The system is aimed to cover the international debits and credits cards, closed scheme cards, mobile banking, all banking transactions as well as accounts management.

We propose a Fraud Monitoring System that will attain the following objectives:

  • Reduce losses of fraudulent activities through more timely investigative capabilities
  • Utilise a combination of Real-time, Near Real-time and Neural capabilities
  • Advanced rule management, implementation and monitoring
  • A mechanism to classify card fraud events based on business sensitivity, loss expectancy and occurrence likelihood and frequency
  • Implement an alert and reporting mechanism based on classified card fraud events, transactions and behaviour
  • Allow for pro-active and automated customer communication via sms, auto-voice and email alerts


  • Reduction of the likelihood of recurrence of an issue
  • Ensure that your card and AML programs and controls can meet stakeholder expectations
  • Verify that compliance program is operating effectively
  • Mitigating opportunities to commit fraud or other illegal acts
  • Identify and cut unnecessary costs associated with occupational theft, waste, and abuse
  • Conduct due diligence

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