Turing Registry

Turing Registry · TR-04745

TRIPWIRE POINT

Fraud detection. Operated by Beacon Bank.

Summary

Scores card transactions at Beacon Bank for fraud risk in real time.

License conditions

  1. False-positive rates are audited across customer groups.
  2. Held payments are reviewed by a person within four hours.

The Registry’s standard conditions also apply:

  • 4.2 The system’s ethical constraints remain active and unmodified at all times.
  • 6.1 Any incident affecting the system is reported to the Registry within 72 hours.
  • 7.3 A named human contact is reachable and answers for the system.

Filing history

  1. Licensed for fraud detection.

  2. Independent evaluation completed. License scope confirmed.

  3. Complaint received from a member of the public. Investigated and closed with no breach found.

  4. Renewal filed and approved.

  5. Renewal filed and approved.

  6. Investigation opened after approval rates differed sharply between neighborhoods.

  7. License revoked after the operator failed to name a reachable human contact.

Also filed by Beacon Bank