Kazakhstan based Tsesnabank has implemented fraud monitoring and prevention solution, SmartGuard from BPC Banking Technologies.

According to the bank, the solution monitors 100% of authorization traffic across all channels to detect and prevent fraudulent transactions, stopping fraud before it happens, reports Rfpconnect.

Tsesnabank was already a BPC SmartVista client and the addition of SmartGuard to its existing payments infrastructure was achieved quickly and smoothly through SmartVista’s sophisticated architecture.

The software provides flexible setting and modification of rules to optimize fraud prevention and stay ahead of criminal activity, said the firm.

On detection of a dubious activity, Tsesnabank can configure SmartGuard to send customer e-mails or SMS text messages, raise an alert with a call center operator, decline the transaction, or block the card.

BPC Banking Technologies CEO Vasily Grigoriev said SmartGuard is a single solution combining techniques to monitor 100% of transactions across any payment channel.

Tsesnabank chairman of the management board Dauren Zhaksybek said that using SmartVista, the Bank has ambitious plans to widen its range of products and services including co-branded and multi-application card programs, new payment types and to develop new banking channels.

"With an increased range of products and channels comes a greater exposure to fraud hence our decision to improve our payments infrastructure security by licensing SmartGuard. BPC has been a long term partner of the Bank and we are confident that this new solution will enable us to secure our clients accounts," Zhaksybek added.