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SAN JOSE, Calif. — March 29, 2017

  • FICO detected 70 percent more compromised debit cards at U.S. ATMs and merchant card readers in 2016, according to new FICO data
  • Compromises of ATMs and merchant devices in the US rose 30 percent, following a six-fold increase in 2015
  • The average duration of a compromise fell from 14 days in 2015 to 11
  • Cardholders should employ common sense when using ATMs, and check their transactions frequently
  • FICO® Card Alert Service monitors hundreds of thousands of ATMs in the US

The number of payment cards compromised at U.S. ATMs and merchants monitored by FICO rose 70 percent in 2016, Silicon Valley analytic software firm FICO reported today. The number of hacked card readers at U.S. ATMs, restaurants and merchants rose 30 percent in 2016.

The number of compromises recorded in 2016 set a new high for the FICO® Card Alert Service, which monitors hundreds of thousands of ATMs and other readers in the US. This new data follows a 546 percent increase in compromised ATMs from 2014 to 2015.

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SAN JOSE, Calif. — March 22, 2017

  • New Forrester Wave™ shows, “enterprises that can make probabilistic predictions about customers, business processes, and operations will have an edge over enterprises that can’t.”
  • Wave highlights “hot” Predictive Analytics and Machine Learning Solutions market, forecasting “a 15% compound annual growth rate (CAGR) for the PAML market through 2021.”
  • FICO selected as a leader and is cited for its “extensive real-world experience” and its delivery of the “end-to-end-capabilities needed to create, deploy and monitor models for use in complex, consequential enterprise decisions.”

Silicon Valley analytics software firm FICO (NYSE: FICO) was named as a leader in the March 2017 report, The Forrester Wave™: Predictive Analytics and Machine Learning Solutions, Q1 2017. The report explains, “FICO’s Decision Management Suite encompasses the end-to-end capabilities needed to create, deploy and monitor models for use in complex, consequential enterprise decisions.”

Forrester also noted, FICO’s “software division is strong, with an impressive customer base across multiple industries.”

“We believe our position in the Forrester Wave is a great achievement and a testament to the strength of our products and savvy customers,” said Bill Waid, vice president and general manager, FICO Decision Management Solutions. “Our team is passionately committed to delivering the best in predictive and prescriptive analytics that our customers need to drive digital transformation and gain competitive advantage.”

Download a free, full copy of the Forrester Wave: Predictive Analytics and Machine Learning Solutions.

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STOCKHOLM — March 20, 2017

Highlights:

  • EnterCard will deploy the FICO® Falcon® Platform across its operations in Sweden, Norway and Denmark
  • The FICO solution will be used to protect all their cards and communicate with over 1.7 million customers
  • Globally, FICO Falcon Fraud Manager protects 2.6 billion payment cards from fraud

EnterCard, one of the leading Scandinavian finance companies, will use the FICO® Falcon® Platform to combat card fraud and communicate with its 1.7 million customers. The company, a joint venture between Swedbank and Barclays Bank, is upgrading to a cloud-based version of the Falcon solution to decrease fraud losses, enhance the customer experience and gain better control of the customer relationship. EnterCard will use the solution to protect customers in Sweden, Norway and Denmark from fraud.

More information: http://www.fico.com/en/fraud-security/enterprise-fraud-and-security-solutions#overview

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