Credit Union Risk Management Leader Member Access Processing (MAP) Announces Fraud Forecaster

 SEATTLE (March 31, 2021) – Member Access Processing (MAP), the nation’s leading provider of the Visa DPS Debit, Credit, ATM, Prepaid, and Mobile Processing platform, today announced the launch of their Sonar Fraud Forecaster, an AI-based fraud analytics platform designed to help credit unions detect card fraud weeks and months ahead of current available methods.

“At MAP, we take a proactive approach to card fraud,” states Cyndie Martini, MAP’s Chief Executive Officer. “Sonar helps credit unions identify compromised cards as much as six months earlier than some traditional tools. Early detection can help optimize its re-issuance process by pinpointing which cards will go fraudulent.”

Sonar Fraud Forecaster uses an algorithm that compares and combines merchant and card issuer data. Hundreds of millions of card transactions and fraudulent activity are compiled to accurately find common points of compromise (CPP).

Sonar helps card issuers prevent fraudulent card reissues by detecting potential fraud before it happened. The Fraud Forecaster predicts the likelihood a card will experience fraud in the next 90 days and provides reissue recommendations that align with the credit union’s goals. Sonar’s CPP analysis is performed daily, generating a prioritized list of potential compromises that impact an issuer’s cardholders. The Fraud Forecaster scores provide actionable insights on network alerts and helps reduce unnecessary or fraudulent card reissues.