Card Briefs: HNC Fraud Software For 1st Data U.K. Unit

The U.K.-based card processing unit of First Data Corp. has signed a five-year agreement to use an HNC Software Inc. products to protect its client banks against fraud.

First Data Resources Ltd. will use Falcon, a neural network system that examines cardholder and merchant data for signs of suspicious activity. The company will market a version of Falcon tailored to its United Kingdom clients.

HNC is based in San Diego.

First Data Corp. also said its oil services group has entered a partnership with BP Oil Co., Houston, a subsidiary of London-based British Petroleum Co., to process its credit-card transactions in the United States.

First Data will handle proprietary card transactions as well as those on other cards accepted at BP, including MasterCard, Visa, American Express, and Discover.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER