Card Briefs: S. African Bank Picks HNC Anti-Fraud System

HNC Software Inc. has a seven-year agreement to provide Standard Bank of South Africa with its Falcon bank card fraud detection system.

Falcon, used widely in the United States, relies on neural network-based software to examine transaction, cardholder, and merchant data to detect bank card fraud.

Currently, Falcon monitors more than 140 million cards worldwide.

South Africa, which leads the Middle East and Africa in bank card charge volume, had an 18% volume increase in 1994.

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