The number of data breaches has increased dramatically, with a direct significant increase in the time required to process scheme alerts (e.g. Visa and MasterCard alerts). The MINTify alert processes card numbers of the scheme alerts and furthermore provides functions integrating any comma separated value file with card numbers and optionally card expiry dates. In terms of the Visa and MasterCard alert messages, MINTify helps in the decision making process and in defining the course of action.

After successful import of the reported card numbers further information about the cards can be requested from the card management system and included in the computation of statistics. In the system administration for this application certain thresholds can be defined. If such a threshold is reached, for example by a certain card blocking rate or amount of fraud loss, the system can generate an internal alert.

By defining workflows the system can automatically generate cases for affected and suspicious cards in order to contact card holders and/or change the card status to “referral”. The imported and processed scheme alerts can be stored in the alert library including calculated statistics and associated documents. Since manual entry of card data is possible it does not necessarily require a scheme alert to create an entry in the alert library.

MINTify Alert does not need an interface to the card management system in order to be useful since imported and stored information in the data base, such as authorisation and fraud data, help when interpreting alerts. The alert library also provides the possibility to sort and filter all card data by certain criteria and export the results in a comma separated value file for further processing.