OmniPayments' Preauthorization Engine - Our Customers Call It the Fraud Blocker!
The OmniPayments Preauthorization Engine is used by financial institutions in conjunction with the OmniPayments Financial Transaction Switch or as a seamless interface to other providers’ switches via a custom support module (CSM). Our customers’ call our Engine the fraud blocker. Modern and easy to manage, it preauthorizes millions of transactions far more effectively than its complex, compute-intensive competitors.
Each issuing bank’s preauthorization parameters initially can be set up via bulk file transfer, maintained via an OmniPayments-provided browser interface, and accumulated in an Operational Data Store (ODS) for use by the OmniPayments Preauthorization Engine. Rules change and require continual maintenance. OmniPayments offloads from the banks this time-consuming responsibility via its Transaction Screening Module. The OmniPayments Financial Transaction Switch or that of another provider will route all transactions to the Preauthorization Engine for review. Only then will validated transactions be submitted to issuing banks.