with a better browsing experience; allow us to assess, monitor, and improve the website’s
performance; and enable our partners to advertise to you. You may disable the cookies by changing
the settings in your browser, and you may tell us not to share your cookie data with third parties.
Over the past two decades, the use of cards to pay for goods and services has grown exponentially. At the same time, the ways in which cards are used has continued to evolve and now covers:
Modern consumers have evolved to demand the convenience of booking online services, such as taxis, and expect their payment to be managed seamlessly via their chosen payment card.
All of these channels or payment mechanisms can become a target for fraud. As fraud is tackled in one, the fraudsters adapt and move on to where they see the next weakest target. At the same time as tackling fraud, payment service providers, such as card issuers, must ensure that their legitimate customers are not negatively impacted by fraud checks. It’s a delicate balancing act and they must:
FICO's fraud solutions take a holistic approach and work across any channels where cards are used. As fraud changes, our machine learning technology responds to new fraud patterns, in real time, before a human could. By layering different types of machine learning and advanced analytics, we use artificial intelligence to identify fraud cases accurately and reduce false positives. Our fraud solutions can determine how to communicate with customers and execute those communications. Automating the fraud resolution process improves customer experience when transactions must be reviewed.
Detect points of mass card compromise faster through the Falcon Intelligence Network.
Two-way automated voice, text, email and mobile app notifications that are smart, scalable and include a human touch.
FICO Collections & Recovery Community
Intelligent two-communications to automate fraud case resolution and protect with your customer.
Whenever a payment is made, there’s a risk that the account has been taken over by a fraudster. To ensure transactions are legitimate, financial institutions perform identity authentication analysis and transaction risk analysis. While mos...
Social engineering is far from a new concept, but panic and change are a fraudster's playground. This session will explore the inner workings of scams — why they exist, who gets manipulated, the front-to-back of a lifecycle that leads to f...
Your organization may experience staffing shortages or changes in working hours due to recent global events. The fraudsters are hunting for opportunities to make money while the world is distracted. How are you going to protect your organi...