FCC National Bank, a subsidiary of First Chicago Corp., has signed a multiyear agreement to use HNC Software Inc.'s credit card fraud control system.

The system, called Falcon, combines client-server and host-based software and a neural network to evaluate credit card data and identify relationships and patterns that signal suspicious transactions. When a high-risk transaction is identified, Falcon signals an issuer's fraud analysts, allowing an on4ine response. HNC said the system has been effective in reducing fraud losses 20% to 30% over issuers' current fraud detection strategies.

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