New Products and Services
Fraud Transaction Monitoring
Going live with a card program requires a fraud monitoring solution with sophisticated detection models that query large sets of data over a period of time. Thredd's Fraud Transaction Monitoring (powered by Featurespace) is a best-in-class, flexible card fraud solution that minimises online and offline risk and offers real-time fraud detection. Using adaptive behavioural analytics and machine learning, Fraud Transaction Monitoring adapts to new fraud types and identifies unknown threats by detecting unexpected changes (anomalies) in real-time data. This solution improves transaction monitoring, identifies fraud, and reduces the number of occurrences of flagging legitimate transactions as suspicious, locking accounts, and stopping genuine payments.
Figure: Fraud Transaction Monitoring Portal
Release date: Q3-Q4 2023. Product updates and new guides were released in Q1 2024.
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3D Secure (via Apata)
Thredd now offer Apata as a 3D Secure service provider, which provides improved flexibility, powerful rules configuration and additional authentication methods. You can implement this service through Thredd to ensure that your cardholders are successfully enrolled and authenticated using 3D Secure.
We continue to support Cardinal as a 3D Secure service provider, for use in regions currently not supported by Apata. For additional information on the benefits of using Apata vs Cardinal, and the availability of these services for your region, please contact your Thredd account manager.
Figure: Apata Dashboard
Release date: Q4 2023. New cardholder authentication methods and features were added in Q1 2024.
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US Debit
For existing Thredd clients wanting to launch a card service in the US, Thredd can now support your debit card processing requirements.
Thredd uses Mastercard Network Exchange (MNE), which provides a gateway service to enable access to US networks, such as STAR and Pulse.
US networks predominately operate the Single Message System (SMS) standard for authorisation and presentment message processing. To make it easy for existing clients to operate in the US using their existing Thredd integration to the Thredd Platform, we have upgraded our External Host System (EHI) to send messages compliant with the Single Message System standard to your systems.
Release date: Q1 2024. We are planning to release additional functionality during Q2-Q4 2024.
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