Epochdata, Inc.

EDI is working in conjunction with many experts including former bank examiners, government agencies, law enforcement, and lawyers with significant knowledge of anti-money laundering, fraud & risk mitigation. EDI has developed Best Practice Rule Sets for specific financial institutions and products. Best Practice Libraries have been developed for Banks, Insurance, Broker/Dealers, Hedge Funds, Mutual Funds, Stored Value Card Processors, Wire Transmitters, and MSBs.

The following are examples of key patterns and customer behaviors which would be monitored by EDI Detect:

Best Practice/Stored Value Cards

Pin-based vs. Signature-based load
Velocity of loads
Retail Base Comparison: Cash/Signature percentages
Legitimacy of Reload Request
Multiple Cards issued against one Purse.

Best Practice/Fraud

Online Banking
Account Takeover
Credit Card/Stored Value Card Fraud
Smurfing
POS Fraud
Identity Theft

Best Practice/Banks

Large reportable transactions
Wire transfers
Structuring velocity
Escalation in inactive accounts
Monetary instruments
High risk transactions
Fund transfers

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