PYMNTS

APRIL 11, 2018

Yet as more FinTechs and solution providers step in to enable that data analytics capability, executives continue to emphasize the potential in T&E spend analysis — and not just to guide an organization’s travel policies. All of this analysis, she added, supports compliance and the reduction of operational risk as well.

Analytics 101

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PYMNTS

OCTOBER 17, 2016

The tool allows companies and their event planning teams to access reports and data analytics into their event spend. “Evaluating enterprise-level event spend is incredibly complex, and data analytics is the key to unlocking improved performance,” said the firm’s CEO, founder and product architect, Talia Mashiach.

Analytics 100

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Insights on Business

JUNE 28, 2018

A recent explosion of AI applications is taking place in financial institutions, particularly in the area of risk and compliance. So how is AI helping risk and compliance processes? Risk and compliance departments suffer from massive data loads and exhausting regulatory requirements. That still sounds complicated, doesn’t it?

Compliance 70

Compliance Case Study Analysis Analytics 70

Perficient

NOVEMBER 16, 2020

This means that all financial services institutions that have collections functions (credit card, auto loan, personal loan, mortgage, etc.) The one-year compliance period for the final rule should be a period of intense effort by creditors to be prepared to handle these impacts.

Analytics 294

Analytics Compliance Cards Operations 294

PYMNTS

JANUARY 26, 2021

While professionals may not be going on business trips and using their personal or company cards to use employer funds, work-from-home requirements have remodeled the profile of spending from that of plane tickets and taxi rides to a focus on outfitting home offices. The Value Of Automated Analytics. Spending Disparity.

Analytics 189

Analytics Compliance Management Data 189

PYMNTS

OCTOBER 5, 2020

Cybercriminals deploy a variety of tactics to process their ill-gotten gains, ranging from techniques as basic as exchanging gift cards to ones as advanced as setting up fake eCommerce storefronts.

Online 141

Online Compliance Report Study 141

Abrigo

JULY 13, 2023

Crafty scammers exploit weaknesses in fraud and anti-money laundering (AML) compliance programs such as outdated technology, human error, or inadequate monitoring systems. Enhance data analytics capabilities : Data is a powerful tool. Banks can leverage data analytics to identify unusual patterns and anomalies.

Fraud 195

Fraud cryptocurrency Training social media 195

Celent Banking

JUNE 12, 2017

Eighty years ago a group of major airlines implemented the first commercial cards. Since then, cards have evolved from addressing expenses for travelling employees to eliminating friction across the business-to-business (B2B) financial supply chain.

Cards 100

Cards Payments Capital Analytics 100

PYMNTS

DECEMBER 9, 2020

This includes building a governance framework to evolve technical, policy, compliance, security and operational standards for the issuing and use of fiat digital currencies and stablecoins.” . Cuy Sheffield , head of the crypto at Visa, said this is the first business card that will make the balance of USDC available for spending.

blockchain 258

blockchain cryptocurrency Analytics Policies 258

PYMNTS

MAY 17, 2017

Commercial cards are tricky. While they may be instrumental in helping companies manage cash when their employees travel for work, commercial cards aren’t the top payment rail of choice for suppliers, so companies often pay invoices another way. But depending on how the commercial card is used, these figures vary greatly.

Cards 108

Cards Analysis Data Compliance 108

PYMNTS

OCTOBER 30, 2020

Slow compliance checks and sluggish processing times are commonplace, especially on the legacy systems still used by many banks around the world. Automating Compliance. Most customers bypass dealing with merchants entirely when trying to stage chargeback fraud, with 76 percent of cardholders going directly to the payment card issuer.

Operations 228

Operations Payments Compliance System 228

FICO

NOVEMBER 30, 2017

The types of issues which most organizations are trying to prevent include: Buying personal items with a corporate purchase card (p-card). Purchases which are made using a p-card for an item on an approved catalog. Inflating an expense report with personal travel or unapproved expenses. Directing purchases to favored suppliers.

Analytics 79

Analytics Fraud Compliance Cards 79

FICO

NOVEMBER 10, 2020

I am always glad to see headlines like this one, which ran last summer in The New York Times: “ How to Reduce Credit Card Fraud.” The vast majority of the nearly 370 billion payment card transactions made globally each year are scanned by sophisticated software designed to detect fraud, in less time than a blink of the eye.

Fraud 98

Fraud Cards Analytics Mobile 98

FICO

MAY 23, 2018

Are your analytics delivering results? The word “analytics” means different things to different people. Depending on the analytical maturity of your organization , analytics could mean reports on your performance, analytics could mean predictive models, or it could mean fully optimized analytic decisions.

Analytics 55

Analytics Examples System Management 55

FICO

APRIL 12, 2017

It’s especially cool to see how FICO customers can realize associated benefits by using our behavioral analytic technology. IDC predicts that in 2017, behavioral analytics across compliance, fraud, and cyber detection and prevention will be in place at 15% of banks, helping them to avoid losses, regulatory fines and sanctions.

Analytics 49

Analytics Fraud Compliance Comparison 49

PYMNTS

JANUARY 9, 2020

Businesses demand actionable insights, and analytics technology must be tailored to users in a way that can guide corporate strategy. This data integration trend is also driving another critical trend in procurement and spend analytics, according to Shah: enterprise-wide collaboration. ” Collaboration Through Data. .

Analytics 154

Analytics Data Trends Technology 154

FICO

MAY 30, 2019

The “use of Big Data, AI, Advanced Analytics, Cognitive Computing” was listed as the top trend in banking for 2019, according to research from The Digital Banking Report. And yet, for many business executives I speak with, the benefits of applying advanced analytics to these use cases remain frustratingly theoretical. Collections.

Analytics 49

Analytics Tools Strategy Compliance 49

FICO

MAY 31, 2022

Elo, one of the largest and most innovative payment providers in Brazil, has used FICO® Falcon® Fraud Manager to reduce fraud by 30 percent for card issuers using its payment network. Reducing fraud during an e-commerce boom. Democratizing best-in-class fraud technologies.

Fraud 52

Fraud Analytics Payments Management 52

FICO

FEBRUARY 15, 2017

In the previous posts in this mini-series, TJ Horan noted that AI is the newest hope for compliance , and Frank Holzenthal explored the benefits that AI can bring to compliance officers. Industry experts have begun to realize the significance of analytics in combatting anti-money laundering.

Analytics 67

Analytics Meeting Fraud Compliance 67

PYMNTS

SEPTEMBER 18, 2020

With a focus on optimizing cash flow for merchant customers, EVO Payments has announced a new feature that enables businesses to access funds from card transactions in real time. The company is using Visa 's Visa Direct solution, which wields Visa's card rails to push funds to debit cards.

Innovation 291

Innovation Payments cryptocurrency Cards 291

FICO

APRIL 3, 2019

Most of the issues with procure-to-pay compliance arise because many staff reviewing transactions are more focused on completing their review than on the quality of the review. Analytics is critical to help monitor procure-to-pay transactions because it is fast, unbiased and can find hidden issues within the data.

Analytics 45

Analytics West Virginia Virginia System 45

FICO

OCTOBER 31, 2018

From these sessions, it was clear to me that the best way to enhance compliance and outcomes is to make the correct procure-to-pay path the one which is easiest to use for both your customers (employees) and suppliers. Procure-To-Pay Analytics - Why don’t people follow the rules? Procure-To-Pay Analytics - Changing the paradigm .

Analytics 40

Analytics Compliance Conference Fraud 40

Abrigo

SEPTEMBER 20, 2023

Join Abrigo for a webinar discussing risk assessments' role in compliance. 1st-party debit or credit card fraud : Card fraud causes financial institutions significant monetary losses. Data analytics : Machine learning can discern patterns often overlooked by human oversight.

Fraud 195

Fraud Trends Cards Software 195

FICO

JULY 14, 2016

For example, one global bank spent almost $3 billion on financial crime compliance in 2015, with a department staffed with 9,000 personnel. The article is accompanied by this graphic, which shows you exactly how small, in 2015, the needle in this haystack was: Analytic intelligence comes to the fight against financial crime.

Analytics 40

Analytics Meeting Compliance Fraud 40

PYMNTS

OCTOBER 7, 2020

But data in payment transactions provides an often-untapped opportunity for merchants to optimize their payment operations and grow their businesses, Tony Wimmer , head of data analytics for J.P. said Wimmer, who oversees the data and analytics efforts of firm’s payments-focused businesses. Morgan Wholesale Payments, told PYMNTs.

Data 258

Data Analytics Payments Operations 258

Gonzobanker

SEPTEMBER 21, 2023

Lending: Lending Leaves Change Color Abrigo acquired Valuant for compliance and credit risk and DiCOM Software for automated credit risk software and partnered with Charm Solutions to launch Abrigo Small Business Lending Intelligence. Card issuer and processor Marqeta acquired Power Finance , an embedded fintech credit card program.

Fintech 103

Fintech Software Illinois Lending 103

FICO

JANUARY 4, 2018

What were some of the most interesting risk analytics topics last year? Judging from the views on the FICO Blog, risk professionals are keenly interested in new ways to approach risk analytics. Here were the top 5 posts of 2017 in the Risk & Compliance category: US Average FICO Score Hits 700: A Milestone for Consumers.

Analytics 58

Analytics Data DC Millennials 58

Payments Source

APRIL 13, 2016

If the EMV chip-card migration in the U.S. taught the payments industry anything, it's that some players meet compliance deadlines, while others let them slip by.

Compliance 60

Compliance Data Meeting Cards 60

PYMNTS

APRIL 26, 2019

Visa’s newest APIs will help those within the Visa ecosystem to create digital cards on demand and add digital services. The two will also look for ways to collaborate in digital payments, data analytics, AI and other digital financial services. Is Apple Card Already Changing Payments? Welcome to the PYMNTS Weekender.

Bitcoin 175

Bitcoin Apple Cards Compliance 175

PYMNTS

JANUARY 26, 2017

The credit card conglomerate said Wednesday (Jan. 25) that it will collaborate with Oversight Systems to offer government agencies their collective data analytics and fraud detection solutions. Mastercard is teaming up with Oversight Systems to help government agencies detect payment fraud, according to a new announcement.

System 100

System Fraud Payments Analytics 100

FICO

MARCH 9, 2020

has become a prepaid card store, with rows and rows of gift and other prepaid debit cards on display. In April 2019 The Wall Street Journal reported , “The total amount loaded on general-use prepaid cards in the U.S. This is almost identical to the existing fraud protection provisions for credit cards. FICO’s Prepaid V1.0

Fraud 52

Fraud Cards Analytics ATM 52

PYMNTS

JANUARY 6, 2021

One of the most popular is to link a T&E solution to a corporate card product to facilitate integration of payment information; another strategy is to allow for employees to use personal payment methods and capture data after the fact to facilitate expense reimbursements. There are several ways that T&E tools account for this.

Tools 280

Tools Survey Meeting Trends 280

PYMNTS

JANUARY 18, 2018

17) that UBS will integrate PredictX artificial intelligence and predictive analytics to improve its travel and expense management. UBS said it must also ensure compliance with supplier agreements and produce more accurate spend reports. The companies announced news on Wednesday (Jan.

Management 100

Management Analytics Analysis Data 100

FICO

NOVEMBER 20, 2019

That is how UBS Card Center, which processes some 25% of card transactions in Switzerland, keeps fraud rates down and cardholders happy. The Falcon Platform has brought a continual stream of analytic innovations to UBS Card Center, using breakthroughs in AI and machine learning, and adaptive analytics. by FICO.

Video 40

Video Fraud Cards Analytics 40

PYMNTS

JUNE 22, 2020

Bad actors, are, increasingly, targeting online card applications, using stolen personally identifiable information to apply for credit, leveraging those ill-gotten credit lines to make fraudulent purchases. Visa, said Barrett, is using analytics in tandem with a proprietary centralized U.S. alone topped $10.2 billion last year.

Fraud 193

Fraud Cards Risk Management Customer Experience 193

PYMNTS

MAY 5, 2017

Fraudsters are getting more determined, and they are no longer deterred by a measured anti-fraud response,” said Michael Graff, Radial’s Risk Analytics Manager. The growth in digital payment fraud comes as activity has moved away from card-present transactions in an ecosystem protected by EMV authentication standards.

Cards 113

Cards Fraud Security Retail 113

PYMNTS

AUGUST 14, 2019

His worry, he said, are the areas where they have expected to see more data reporting and haven’t; as well as indications that casinos have been taking their foot off the gas pedal of late when it comes to their compliance activities. “It The Team Oriented Nature Of Compliance . kilograms of methamphetamines and more than $5.5

Compliance 163

Compliance Las Vegas Mobile Data 163