The hunt is on for fraudsters

June 2002 News

The South African Fraud Prevention Service, a nonprofit organisation, was founded by 12 of SA's major banks and retailers in a joint effort to combat the country's fraud menace. Since its inception in April 2001, the company has successfully stopped many fraudsters in their tracks - saving its members (and ultimately the consumer) hundreds of thousands of rands.

Now, members can look forward to even greater victories in the fight against fraud as South African Fraud Prevention Service reports the addition of a further fraud prevention system to its portfolio of services.

In conjunction with MCL Software in the United Kingdom, with technical support being provided by both MCL and Octagon Business Solutions in South Africa, SAFPS will shortly commence a daily application and claims analysis service using the Hunter system, which has been developed by MCL.

Hunter works by automatically checking new applications and claims against themselves, any previous applications or claims, suspect information and known fraudulent data. All applications are individually checked in a variety of ways according to user-defined search algorithms, and then checked against Hunter's main application database. Suspect and other reference files are simultaneously checked before final inclusion of this data into the system's main database. Hunter also links with the i2 analysis software to enable SAFPS to identify fraud syndicates and fraudulent applications for credit and to provide a complete fraud prevention system.

For more information contact Pat Cunningham on 011 838 2453, e-mail:

Share this article:
Share via emailShare via LinkedInPrint this page

Further reading:

TAPA: The role of an effective treasury function in business risk management
June 2019, Technews Publishing , News
Neil Le Roux, the Founder of Diligent Advisors will speak at the TAPA SA (Transported Asset Protection Association) annual conference on 26 July 2019.

Platforms are us
September 2019, Technews Publishing , News
A conversation I had at the recent Residential Estate Security Conference Hi-Tech Security Solutions hosted in August (which will be reviewed in the October issue) got me to thinking about the security ...

TAPA conference 2019 explores layered approach to security
September 2019, Technews Publishing, TAPA (Transported Asset Protection Association) , News, Transport (Industry)
The Transported Asset Protection Association (TAPA) held its annual South African conference at Emperors Palace in Johannesburg on 26 July 2019.

Hennie Lategan joins Centurion as head of exports
September 2019, Centurion Systems , News, Access Control & Identity Management
Centurion Systems has announced the appointment of Hennie Lategan as the head of the company’s exports department.

New Africa sales manager for Axis Communications
September 2019, Axis Communications SA , News, CCTV, Surveillance & Remote Monitoring
Axis Communications has appointed Brendon Hall, previously the founder and MD of Pentagon, as its new sales manager, Africa.

Check Point appoints new regional director for Africa
September 2019 , News, Cyber Security
Check Point Software Technologies has appointed Pankaj Bhula as regional director for Africa.

ISO standard for protecting personal data
September 2019 , News, Cyber Security
Tackling privacy information management head on: first ISO standard for protecting personal data has been published.

Hikvision helps secure African Union Summit
September 2019, Hikvision South Africa , News, CCTV, Surveillance & Remote Monitoring
Hikvision established a complete intelligent video solution to ensure the security of the thirty-third African Union (AU) Summit held on 7 July in Niamey, the capital of Niger.

The hunt for the Carbanak group
September 2019 , Editor's Choice, Cyber Security, News
Tomorrow Unlocked has released a free four-part documentary that tells the story of the notorious Carbanak APT group and its $1 billion bank heist.

Rockwell Automation a founding member of ISA Global Cybersecurity Alliance
September 2019 , News, Industrial (Industry)
To better secure today’s complex and often vulnerable production operations, the ISA Global Cybersecurity Alliance recently announced Rockwell Automation as a founding member.