Retail Banking Consumer Payments Model with Scam Score

Payments fraud is a significant challenge for banks and consumers. Authorized push payment fraud globally represents billions in dollars of losses. FICO’s patented, award-winning retail banking payments model with scam score significantly improves detection of authorized and unauthorized push payment fraud. Informed by millions of tagged data points from our consortium of 10,000+ participating financial institutions, this model provides accurate detection, enables appropriate intervention, and drives better outcomes for banks and their customers.

• Pinpoint authorized and unauthorized push payment fraud from bank accounts
• Easily segment operational strategies based on authorized vs. unauthorized push payment fraud
• Lower false positive rates for less disruption for customers