{"id":9182,"date":"2020-07-04T09:38:53","date_gmt":"2020-07-04T04:08:53","guid":{"rendered":"https:\/\/www.digitalcreed.in\/?p=9182"},"modified":"2020-07-06T13:29:41","modified_gmt":"2020-07-06T07:59:41","slug":"federal-bank-blocks-debit-card-fraud","status":"publish","type":"post","link":"https:\/\/www.digitalcreed.in\/federal-bank-blocks-debit-card-fraud\/","title":{"rendered":"How India\u2019s Federal Bank Blocks Debit Card Fraud in Real-Time"},"content":{"rendered":"
The Federal Bank is one of India\u2019s largest private sector commercial banks that serves a customer base of more than 10 million. The Bank does over 600,000 debit card transactions every day. It has more than 2,800 touchpoints (over 1,200 branches and over 1,600 ATMs), spread across the country. The bank is a leading technology adopter and was one of the first Indian banks to computerize all its branches. Over the years the Bank faced a challenge of increasing fraudulent transactions. Federal Bank required a counter-fraud solution for both its cardholders and merchants, with real-time and near real-time facilities and mission-critical features that are easy to deploy, responsive and reduce the financial impacts of fraud.<\/p>\n