FICO

MAY 18, 2023

For every one Brazilian Real spent on FICO CCS, our customers save approximately 39 BRL in fraud and authorize 167 BRL in legitimate transactions.” See our fraud predictions for 2023 as TJ Joran calls out five trends he sees for the year. You can read more about this story in the full media release.

Fraud 52

Fraud Technology social media Innovation 52

FICO

APRIL 8, 2022

A New York Times story about people being tricked into sending money to fraudsters (known in the UK as authorized push payment [APP] fraud ) on Zelle was one of the top stories for several days running, reverberating across news outlets worldwide. by TJ Horan. Years ago, 300 tps was perfectly acceptable for certain-sized institutions.

Fraud 52

Fraud Data Management Examples 52

FICO

DECEMBER 23, 2019

Notably, authorized push payment fraud was up 44% in the UK in 2018, a huge leap. by TJ Horan. which describes how fraudsters deceive consumers or individuals at a business to send payment under false pretenses, to a bank account controlled by the fraudster. Stay safe in your mobile world. Follow me on Twitter @FraudBird.

Fraud 52

Fraud Mobile Payments Online 52

FICO

NOVEMBER 7, 2022

Fighting Scams and Authorized Push Payment Fraud in the US. US regulators seem poised to update the status quo for bank liability for authorized user/authorized push payment fraud, but just how big is the potential? by TJ Horan. That idea of authorization is where deep divisions start to appear. FICO Admin.

Fraud 52

Fraud US Payments South Carolina 52

FICO

MAY 3, 2023

Scams and real-time payments In recent years, scams (or authorized push payment fraud) have given fraudsters a golden opportunity. Millions have been tricked into authorizing payments into bank accounts that fraudsters control. TJ began his career with DuPont, where he helped design and maintain Expert Systems for process control.

Fraud 52

Fraud Strategy Analytics South Carolina 52

FICO

DECEMBER 21, 2016

The customer in Paris complained to the bank’s headquarters in North Africa about the non-execution of his transaction, and the headquarters authorized to proceed. French authorities are investigating the case, and the headquarters decided to replace its existing filtering system in North Africa and to roll-out Siron across the whole group.

Compliance 40

Compliance Analytics Taxes Groups 40

FICO

JANUARY 7, 2019

Author TJ Horan, FICO vice president for fraud solutions, wrote a five-part series on the keys to using AI and machine learning in fraud detection. In the first post, TJ discussed the use of supervised and unsupervised models. Here are the five posts with the most views. Read the full post.

Fraud 74

Fraud Security Analytics Training 74

FICO

JULY 28, 2021

These scams are typically Authorized Push Payment (APP) schemes in which the transaction is executed by the customer directly, often via—wait for it—ACH payments. by TJ Horan. Federal Trade Commission received more than 2.2 Source: NACHA. NACHA Steps Up Its Fraud Prevention Requirements.

Fraud 52

Fraud Analytics Payments Mobile 52

FICO

SEPTEMBER 10, 2020

Typically, money mules are unwittingly tricked into depositing a fraudulent check into a bank account or into receiving money from accounts without authorization of the account owner. by TJ Horan. In some cases, money mules know they are moving stolen funds and do so intentionally in exchange for receiving a portion of the money.

Fraud 52

Fraud San Diego Mobile Arizona 52

FICO

JANUARY 9, 2019

Author TJ Horan, FICO vice president for fraud solutions, wrote a five-part series on the keys to using AI and machine learning in fraud detection. In the first post, TJ discussed the use of supervised and unsupervised models. Here are five ways to save money every government department should know about. Read the full post.

Analytics 40

Analytics Fraud Training Data 40

FICO

JUNE 14, 2022

We heard about taxi and fast-food scams where customers were distracted as large sums were being entered into card machines prior to PIN entry, as well as many variations on authorized push payment fraud. Key to this discussion was the use of data across both functions the topic for the presentation by Aite’s Julie Conroy and FICO’s TJ Horan.

Fraud 52

Fraud Trends Analytics Cards 52