Overview

The Bouncer is an advanced ML-powered solution developed by Veratad for secure and efficient transaction data management. It enables the storage of transaction input data for a defined period, allowing this data to be checked against any incoming transaction.

When used as an add-on, Bouncer automatically stores incoming transaction details, simultaneously cross-checks them against existing records, and applies customizable rules. These rules include velocity limits—such as restricting a certain number of transactions per customer within a specific timeframe—tracking previously verified customers, and managing customer Knowledge-Based Authentication (KBA) interactions.

Key Features

Velocity Rules

Set thresholds to flag or block transactions if the number of attempts exceeds a predefined limit within a certain time window. For example, you can limit a customer to three attempts in 24 hours.

Historical Success

Will track if a customer has been involved in a PASS transaction event within a certain timeframe. For example, you can limit a customer to one PASS within 365 days.

KBA Question Management

When paired with a KBA service, Bouncer tracks which questions have been asked and ensures users do not see repeat questions within the defined time span. It will also track and limit the amount fo quizzes returned per customer within a timeframe.

Rule-Based Flexibility

You can define and apply multiple rules simultaneously, whether they relate to velocity checks, repeat verifications within a certain period, or KBA quiz limits.

Use Cases

Fraud Prevention

By applying velocity checks and rules around repeated transactions, Bouncer helps identify fraudulent attempts before they escalate.

KBA Optimization

Track the KBA questions asked to a user over time to avoid repetition, thereby maintaining the integrity and effectiveness of your KBA process.

Conclusion

Bouncer offers a powerful, machine learning-driven approach to storing, analyzing, and applying rules to transaction data. By integrating with your existing verification processes, it provides real-time risk assessment, improved user experiences, and peace of mind around data privacy. Whether you need to limit high-velocity fraud attempts or optimize KBA experiences, Bouncer delivers an adaptable, secure, and intelligent solution.