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CO-OP Brings Real Time Falcon Decisioning Online

RANCHO CUCAMONGA, Calif. -- CO-OP Financial Services, the parent CUSO for the CO-OP Network of surcharge free ATMs, has added the ability for the Falcon fraud prevention system to decide whether or not to approve transactions in real time.

By David Morrison | Updated on December 15, 2008

RANCHO CUCAMONGA, Calif. — CO-OP Financial Services, the parent CUSO for the CO-OP Network of surcharge free ATMs, has added the ability for the Falcon fraud prevention system to decide whether or not to approve transactions in real time.

Falcon uses neural network technology to evaluate and score different card transactions. Previously, such scoring and detecting of possible card fraud happened after the transaction was approved, but real time decisioning allows Falcon to detect possible fraud and recommend action before the transaction is approved.

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