Safeguard yourself and your customers

Fraud is raging worldwide. For lots of reasons. And in many forms.

A bad economy and high unemployment has spurred a spike in first party fraud, and new first party fraud methods. The introduction of PIN and Chip has led to increases in US card-not-present fraud and cross-border fraud.

With so much at stake, issuers must heighten their vigilance. That’s why FICO has been adapting its fraud detection technology to help issuers protect their institutions and their customers against the costly impacts of fraud.

And it’s why 17 of the top 20 credit card issuers worldwide rely on our fraud solutions to protect transactions in more than 2.1 billion active accounts.

FICO’s focus is on helping issuers keep in step with the problem at hand. Like developing our analytic solutions to help issuers: identify changing fraud patterns, and in rapid fashion, to prevent fraud losses—in some cases up to 50%; manage fraud related to multiple products from a single platform; and integrate with other decisioning environments within a lenders purview. FICO fraud protection solutions today give issuers the backing of the latest technology, sophisticated analytics and the largest fraud consortium database in the world.

With FICO’s fraud protection solution, you can:

• Achieve real-time fraud control with advanced predictive analytics deployed in the transaction stream to stem losses immediately.
• Accelerate detection of shifting fraud patterns and CNP fraud with adaptive analytic models that learn in real time.
• Expand protection by studying high-risk ATMs and other entities with global intelligent profiles, complementing cardholder profiles with a focus on high-risk ATMs, merchants and regions.
• Block risky transactions immediately, and use advanced case and rules management technology to track activities.
• Reduce losses by detecting fraud immediately in authorizations, and score suspicious transactions to block fraud quickly before losses mount.
• Minimize cardholder impact and operational costs with advanced detection that reduces false positive ratios.
• Control fraud across the enterprise by managing fraud related to multiple products from a single platform, and connecting fraud decisions across the customer lifecycle.