PYMNTS

MARCH 19, 2018

Credit card skimmers are a headache for fuel retailers, but there is more than one way that fraudulent actors can target fleet spend. In addition to stolen credentials and skimmed cards at the fuel point-of-sale, employees are often able to overspend with their commercial fleet card products, or file fraudulent expense reports.

Fraud 153

Fraud Cards eBook Data 153

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

CFPB Monitor

SEPTEMBER 9, 2019

The CFPB’s fourth biennial report on the credit card market was issued at the end of August. The Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act) requires the CFPB to perform periodic market reviews. Risk management. Physical point-of-sale.

Cards 60

Cards Report Marketing Leadership 60

PYMNTS

APRIL 15, 2020

The advent of COVID-19 , Fiserv ’s Vice President of Risk Analytics and Strategy Kannan Srinivasan and Vice President of Fraud and Financial Crimes Management Gasan Awad told PYMNTS, didn’t introduce these things – but it did create a perfect storm of factors that is now pushing these fraudsters into overdrive. The New Normal.

Fraud 201

Fraud Risk Management Security Cards 201

Abrigo

APRIL 25, 2024

Using Charm’s dynamic models along with existing processes, institutions improve their decision-making by incorporating an array of data sources and leveraging analytics to gain actionable insights. Shrinking safety net for SMBs Importantly, alternatives to bank loans that SMBs traditionally turn to for capital are under increased pressure.

Lending 221

Lending Trends Capital Strategy 221

Payments Source

MARCH 30, 2016

But it's not as unusual as my credit card issuer might think, and that's part of the problem for prevailing identity management strategy. I don't normally buy $300 of pizza.

Risk Management 60

Risk Management Management Strategy Cards 60

FICO

APRIL 24, 2023

Trust Bank is setting a precedent for financial services by onboarding an individual and delivering a credit card to them digitally on their phone within four minutes, creating a seamless digital onboarding process for new customers. A Credit Card in Just Minutes When Trust launched, creating an exceptional onboarding experience was key.

Risk Management 52

Risk Management Digital Banking Customer Experience Management 52

FICO

OCTOBER 12, 2021

Global analytics software provider FICO today released its analysis of UK card trends for August 2021. The summer holidays and a continued reliance on pandemic savings probably contributed to a growth in average spend on cards. Eight-year high for increasing spend on UK cards. Spending over card limit increases.

Cards 52

Cards Data Payments Analytics 52

Gonzobanker

SEPTEMBER 21, 2023

Private equity firm Flexpoint Ford acquired Baker Hill , provider of loan origination, risk and analytics software (our analysis here). Card issuer and processor Marqeta acquired Power Finance , an embedded fintech credit card program. Helix partnered with Unit21 for fraud and risk management solutions for fintechs.

Fintech 103

Fintech Software Illinois Lending 103

PYMNTS

MARCH 18, 2020

From there, Connor said, a pricing strategy must also factor in an effective rate tied to the MCC (merchant category code), which determines the interchange rates and fees paid by the merchant to issuing banks for card payments. There are published interchange rates associated with the different cards that make up the payment mix.

Payments 151

Payments Software Risk Management Data 151

FICO

OCTOBER 25, 2017

Factor Balance Change Sensitivity into Your Card Strategies. It is unknown to a traditional risk score who exactly will steeply increase their credit card balances (and who will be allowed or encouraged to do so by lenders’ strategies). The post How New Risk Analytics Stress-Test Individual Consumers appeared first on FICO.

Analytics 65

Analytics Strategy Cards Miami 65

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. A New Way to Score Credit Risk – Psychometric Assessments. Using Alternative Data in Credit Risk Modelling.

Analytics 58

Analytics Data DC Millennials 58

Payments Source

NOVEMBER 7, 2017

For much of the last decade, credit card companies and issuers have fine-tuned security to the point where if any suspicious activity occurs on a cardholder account, that cardholder will receive an alert. That same sort of transaction and behavioral analytics is starting to come into other business sectors and walks of life.

Cards 69

Cards Industry Analytics Security 69

PYMNTS

JUNE 23, 2017

LexisNexis Risk Solution, a data and analytics company that helps loaners assess the risk of small business lending to borrowers, is teaming up with Cortera to add its trade credit analytics capabilities into the mix. ”

Data 136

Data Payments Analytics Comparison 136

PYMNTS

JULY 23, 2019

Vendor risk is becoming an increasingly integral part of the supply chain management process, according to analysts. American Express is deploying Ariba Network APIs to integrate virtual cards as a new offering for business payers, the companies explained at the time.

Data 119

Data Risk Management Analytics Survey 119

PYMNTS

MAY 5, 2017

The compromised Sabre system reports offering seamless connectivity to over 120 property management, 7 revenue management, 7 CRM and 18 content management solutions according to the company’s website. Jeff Hill, Director of Product Management at third-party risk management solutions provider Prevalent, Inc.

Cards 113

Cards Fraud Security Retail 113

The Paypers

MARCH 8, 2018

(The Paypers) The ai Corporation , a payment services, risk management and analytics provider, has announced the release of EazyFuel, its new fuel card solution.

Cards 28

Cards Risk Management Analytics Management 28

FICO

JUNE 6, 2018

The FICO® Risk and Affordability Decision Suite, powered by Equifax , is a result of significant research and development by FICO and Equifax and combines a suite of over 46 curated decision keys, including 5 analytics from both FICO and Equifax.

Analytics 40

Analytics Risk Management Data Management 40

FICO

APRIL 29, 2021

FICO has recently carried out a review of UK credit card spending requests for consumers that have either missed payments, already exceeded their agreed limit, or would exceed their limit if the transaction was approved. This keeps the decision consistent with their exclusion from credit card limit increases.

Cards 52

Cards Data Examples Payments 52

PYMNTS

JUNE 21, 2017

Enova Decisions , an analytics and digital decisioning solution provider, has announced the launch of its new “decision flow starter kits,” a new tool that will enable companies to achieve such goals as improved detection of application fraud and smarter credit approvals.

Analytics 129

Analytics Fraud Tools Data 129

FICO

SEPTEMBER 30, 2022

FICO has announced its panel of independent judges for the 2023 FICO® Decisions Awards , which honor businesses achieving outstanding results using analytics and decision management technology to grow their business, manage risk and reduce costs. Thu, 09/29/2022 - 15:15. Martin Elliott, BNZ (previous winner).

Meeting 52

Meeting Analytics Management Strategy 52

Gonzobanker

JULY 6, 2021

The key to success for most optimization strategies is a focus on functionality-, workflow- or integration-driven process improvements that ideally come from core but sometimes from third-party CRM, analytics, and RPA systems. As this article points out, a core system replacement may not be in the cards for every institution.

Strategy 156

Strategy System Risk Management Technology 156

FICO

JUNE 7, 2022

FICO® Advisors regularly monitor in-depth data reported by Canada’s leading credit card issuers. These credit card performance figures represent a national sample of approximately 38 million consumer accounts from FICO client reports generated by the FICO® TRIAD® Customer Manager and Adaptive Control System solutions.

Trends 52

Trends Industry Cards Analytics 52

FICO

DECEMBER 4, 2018

I’m excited to announce that FICO has been named as a category leader in the Chartis Financial Crime Risk Management Systems for Enterprise Fraud report. The Chartis report Vendor Analysis: FICO (Financial Crime Risk Management Systems: Enterprise Fraud; Market Update 2018) provides further analysis of FICO’s rating.

Fraud 45

Fraud Risk Management Analytics Analysis 45

PYMNTS

SEPTEMBER 24, 2020

Every bank can offer ACH and card payments, but application programming interfaces ( APIs ), gathering data from disparate parts of the financial ecosystem, are helping make the bank account the focal point of the corporate’s universe, embedded into the ERP. Those executives will expect improved risk management services from their banks.

Payments 237

Payments Data Fintech User Experience 237

FICO

AUGUST 16, 2022

Evaluation of financial performance trends reveal that average spend in Canada is higher than pre-pandemic levels, but credit card payment rates have kept average balances and utilization rates steady, and delinquency levels continue to stabilize. Credit cards continue to be a popular choice for consumers to shop for everyday transactions. .

Trends 52

Trends Industry Cards Analytics 52

PYMNTS

SEPTEMBER 4, 2019

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms.

Lending 134

Lending Fintech Guidelines Meeting 134

PYMNTS

JANUARY 10, 2018

“Through features like Repeat Offenders and Excessive Attendee insight, we are making financial auditing and risk management processes more efficient — as much as 80 percent faster than traditional methods,” Oversight Systems CEO Patrick Taylor said in a statement. “By

Fraud 100

Fraud Tools Policies Risk Management 100

FICO

SEPTEMBER 2, 2020

Delinquency rates on consumer loans and credit cards, which are currently being suppressed with government and bank support, are expected to increase rapidly. To give an example, 45% of credit cards all over the world are managed by the strategies in FICO's credit decision support system. into “connected decisions”.

Management 69

Management Customer Experience Risk Management Data 69

FICO

JANUARY 12, 2022

From supervised vs unsupervised models, to proprietary vs shared models, we talked through what companies need to be looking for in detection technology and analytics. Real-time card transactional monitoring requires one set of capabilities; application fraud detection and prevention require another.

Fraud 52

Fraud Technology Management Trends 52

PYMNTS

NOVEMBER 12, 2019

In an interview with PYMNTS, PSCU Chief Risk Officer and President of Credit Union (CU) Recovery & The Loan Service Center Jack Lynch and NICE Actimize General Manager of Case Management & Platform Justin McLean said it is no longer possible for humans to keep up with the vast amount of data coming into financial institutions (FIs).

Fraud 145

Fraud Payments Management Data 145

FICO

OCTOBER 20, 2022

In uncertain environments, lenders seek ways to address credit risk management gaps likely to emerge with a potential recession. How much brush or combustible material has been building up on the forest floor, so you can gauge whether the next forest fire will be small and manageable or catastrophic and devastating.”.

Strategy 52

Strategy Tools Analytics Risk Management 52

FICO

OCTOBER 20, 2022

In uncertain environments, lenders seek ways to address credit risk management gaps likely to emerge with a potential recession. How much brush or combustible material has been building up on the forest floor, so you can gauge whether the next forest fire will be small and manageable or catastrophic and devastating.”.

Strategy 52

Strategy Tools Analytics Risk Management 52

FICO

DECEMBER 10, 2020

More than 100 C-level analytic and data executives were interviewed for the report, to understand how organizations are developing and deploying AI capabilities. In 2021, I predict that a similar decoupling will begin in some AI software applications; algorithms and models will be pulled out and sold separately as analytic microservices.

Analytics 98

Analytics Fraud Data Software 98

FICO

JULY 1, 2022

Director, Product Management at FICO, and included panelists: Julie Conroy , Head of Risk Insights and Advisory at Aite-Novarica Group (US). Ulisses Okamoto , Fraud Risk Management Superintendent at Itaú Unibanco (Brazil). Kerem Özdamar , Fraud Risk Analysis & System Development Manager at Garanti BBVA (Turkey).

Fraud 52

Fraud Trends South Carolina Risk Management 52

PYMNTS

JUNE 19, 2017

The rules would also make financial institutions (FIs) issuing those cards reveal a greater level of detail on fees. The three offerings cover the identification of regulations to which an FI must adhere, using advanced analytics to identify and combat criminal activity, and data and risk management.

Regulation 116

Regulation Compliance Software Big Data 116

PYMNTS

SEPTEMBER 14, 2016

In a world where transactions now take seconds rather than minutes, hours or days to process and approve, the prevention controls must be exercised in real time with intelligence applied across the medium of channels that might be used in today’s digital world, including cards and online banking transactions. million in 2007 to £52.5

Fraud 100

Fraud Payments Customer Experience Exercises 100