MedTractions debuts WattFraud, a revolutionary fraud risk software for Texas REPs, offering advanced tools for secure, effective fraud prevention.
HOUSTON, July 17, 2023 /PRNewswire-PRWeb/ — MedTractions, a leader in innovative solutions for the retail electricity industry, is proud to introduce WattFraud, a groundbreaking fraud risk assessment software designed to empower retail energy providers in Texas. This service will help retail electricity providers combat fraudulent activities and safeguard their operations and financial interests.
In today’s digital age, the energy industry faces increasing challenges posed by fraudsters and cybercriminals. With the growing complexity of fraudulent schemes, traditional methods of fraud prevention fall short. Recognizing this pressing need for a comprehensive and effective solution, MedTractions has developed WattFraud, revolutionizing the way organizations tackle fraud risks.
At the core of WattFraud is its robust Fraud Center, a comprehensive suite of tools and functionalities that empowers organizations to evaluate fraud risk, report fraudulent activities, and gain invaluable insights into their search history and risk findings. With an intuitive and user-friendly interface, WattFraud enables users to navigate the complex landscape of fraud prevention effortlessly.
The key features and benefits of WattFraud include:
- Fraud Risk Assessment
WattFraud’s Fraud Check software enables users to query applicant information and run it through an extensive range of databases. Leveraging cutting-edge algorithms, WattFraud provides users with a comprehensive risk evaluation, enabling them to make informed decisions and mitigate potential fraud risks.
- Fraud Submit
With WattFraud’s Fraud Submit feature, organizations can actively report fraudulent activity and flag suspicious information. Users can classify reports into Medium, High, or Very High-risk categories, ensuring the accurate identification and assessment of potential fraud threats.
- Risk Log
The Risk Log section of WattFraud serves as a comprehensive record of users’ recent searches and submissions. Users can access detailed information, filter entries based on risk levels, dates, and users, and export data for further analysis and reporting purposes.
- Activity Analysis
WattFraud’s Activity section offers valuable insights into users’ previous searches. Through intuitive donut and bar charts, users can visualize the percentage of flagged fields matching potential fraud records and track the number of flagged searches on specific dates.
- Customizable Data Decisions
WattFraud allows users to customize how search results and risks are categorized. Users can define their own risk levels, thresholds, and labels, ensuring that WattFraud adapts to their specific fraud prevention requirements.
“WattFraud is a game-changer in the field of fraud prevention for the Texas electricity industry,” said David Mirza, President at MedTractions. “With its powerful features and customizable options, WattFraud empowers organizations to proactively detect and mitigate fraud risks, enhancing the integrity of their operations and protecting their stakeholders.”
WattFraud is set to revolutionize the way organizations combat fraud in the retail electricity industry. With its user-centric design, cutting-edge technology, and comprehensive features, WattFraud is poised to become the go-to solution for organizations seeking to enhance their fraud prevention capabilities.
To learn more about WattFraud and its features, please visit www.wattfraud.com.
MedTractions is a leading provider of innovative solutions for the retail electricity industry. With a commitment to excellence and a passion for empowering organizations, MedTractions leverages cutting-edge technology to deliver transformative products and services that increase sales and optimize retail energy operations.
“WattFraud is a game-changer in the field of fraud prevention for the Texas electricity industry,” – David Mirza, President at MedTractions.