MaxMind minFraud is a solution that can help detect and prevent Banking fraud. In this case, banking fraud refers a form of identity theft where a victim's bank and/or credit card account account has been compromised or hijacked. The majority of people do not check their online banking accounts until their statements have arrived and are usually unaware if a criminal has altered account details or even transferred money out of the account.

Through a series of IP authentication checks and login analysis, MaxMind minFraud is a basic front-end tool that can be used to complement existing two-way authentication platforms features already employed by banks. The service is a hosted solution while the checks and analysis are performed in real-time to ensure the most up to date information.

Key features include:

• IP geolocation checks
• Open proxy checks
• Login analysis

• Easy to integrate APIs. No software to maintain.
• Reduce the number of successful login attempts from account hijackers
• Catch existing scammers who have already signed up or were able to bypass initial screening
• Become part of the minFraud Network