FICO

JUNE 21, 2022

Credit Card Limit Optimization: Akbank Wins with FICO Analytics. Leading Turkish retail bank wins FICO ® Decisions Award for AI, machine learning & optimization using FICO decision optimization technology for credit limits. The credit card optimization project has been very successful for Akbank. Wed, 09/08/2021 - 16:52.

Analytics 52

Analytics Cards Strategy Regulation 52

PYMNTS

FEBRUARY 12, 2019

Second Measure , a startup that analyzes credit card data and trends and sends out bi-weekly reports to investors, has raised $20 million in a Series A funding round, with Citi Ventures and Goldman Sachs leading the pack in capital, according to a report from Fortune.

Analytics 108

Analytics Data Cards social media 108

PYMNTS

SEPTEMBER 14, 2018

Spend analytics has broken through as an essential part of corporate procurement strategies. Traveling further into the world of procurement analytics, these professionals are also exploring trends in supplier behavior, purchase order and invoice management, and beyond.

Analytics 148

Analytics Analysis Data Trends 148

PYMNTS

MAY 4, 2020

Advances in technology are making consumer transactions seemingly more secure, but cybercriminals are still finding sophisticated ways to beat systems and commit financial fraud. Clicking can initiate malicious attacks and spyware that can steal passwords, credit card numbers and other data from browsers.

Analytics 141

Analytics Data Security San Diego 141

PYMNTS

SEPTEMBER 21, 2018

20) that its Insights Generator is now live, enabling businesses to use the Suplari Intelligence AI platform to develop custom analytics for their finance and procurement processes. The Insights Generator augments that offering by allowing businesses to access insights on specific areas of the organization for more customized analytics.

Analytics 133

Analytics Data System Management 133

PYMNTS

MARCH 27, 2020

.” As investors and startups remain on-edge about exactly how this will play out, only a few B2B technology startups announced their own investments this week. companies, including $75 million landing at one FinTech looking to bolster small business credit card payment adoption. Arkose Labs.

Cards 181

Cards Fintech Capital California 181

PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank Is Doing to Drive Virtual Card Adoption. Accounts payable (AP) professionals and vendors still have reservations about adopting virtual cards despite their many benefits.

Cards 131

Cards Technology social media Meeting 131

PYMNTS

MAY 20, 2020

With corporate card products offering an opportunity for businesses to manage their working capital, service providers have explored new opportunities to promote adoption of the payment tool. Some FinTechs are targeting small businesses directly with technology to ease card payment and acceptance capabilities.

Capital 172

Capital Cards Fintech Management 172

PYMNTS

FEBRUARY 5, 2020

Commercial card technology can ease multiple pain points in B2B payments. But as today’s industry players reveal, the commercial card opportunity is often biggest in areas outside of the payment. Pleo Makes a Commercial Card Shift. We know the importance of cardholders’ preference for rapid self-service.

Cards 134

Cards Payments Analytics Data 134

PYMNTS

OCTOBER 6, 2020

“We know that fraudsters would like to hack the platform either for money laundering or to use stolen cards, looking for a way to swipe them virtually and get this money and then run away.”. Their end goal is largely the same, primarily targeting payments providers to test or use their stolen credit cards.

Analytics 163

Analytics Data Analysis Payments 163

PYMNTS

SEPTEMBER 23, 2020

There were 223,163 cases of identity theft that year across all generations, with 42 percent of them consisting of bank and credit card fraud. billion) annually on cybercrime prevention efforts, according to a recent study, with many of these investments devoted to cloud-based systems that harness data analytics. billion ($8.9

Technology 208

Technology Report Fraud Study 208

PYMNTS

JANUARY 14, 2021

Companies can use the technology to tailor communications and customize products and services to specific geographic areas, giving it the ability to increase sales, reduce losses to nearby competitors and help maintain market share. There are numerous benefits to the adoption of geocoding. Gaining Consumer Trust.

Analytics 170

Analytics Data Study Millennials 170

PYMNTS

NOVEMBER 15, 2019

Though credit cards were not originally designed to address the needs of corporate payers, advances in commercial card technology have positioned the payment tool as one that’s gaining traction in the accounts payable department. “But in the cross-border space, it’s a different ball game.”

Cards 162

Cards Payments Tools Analytics 162

PYMNTS

MARCH 4, 2020

This is why Paul Davis is turning to new technology, Floyd said. The firm is also deploying data analytics as well as fuel cards to improve its fleet management efforts. Paul Davis is also preparing to issue fuel cards to its employees, granting the company stronger control and additional data concerning employee gasoline usage.

Management 141

Management Technology Analytics Resources 141

PYMNTS

FEBRUARY 26, 2020

As more financial service providers explore how to capitalize on corporates’ growing adoption of commercial cards, firms are looking at the card as a way to round out their products and services with a more holistic offering. Below, PYMNTS takes a look at the latest in commercial card innovation.

Cards 150

Cards Google Fraud Management 150

PYMNTS

JANUARY 27, 2021

But keeping track of it all can be a challenge — especially knowing what card is being charged, by whom, and when. Case in point: as Minna Technologies has noted, the average European consumes has 11 subscriptions in place — and the average household has 21 subscriptions.

Management 181

Management Technology Cards Retail 181

PYMNTS

APRIL 2, 2020

The commercial credit card is increasingly viewed as a critical tool for these small and medium-sized businesses (SMBs) in need of fast access to credit, but many financial institutions are going further to nix fees on their card programs, including card products for small firms. Comdata Fuel Cards Facilitate Factoring.

Cards 164

Cards Capital Tools Fintech 164

PYMNTS

OCTOBER 19, 2020

Gone are the days of diners handing waiters a stack of credit cards to split a bill, and instead seamless money transfers occur in a matter of seconds. The app relies on both in-house analytics systems and its financial institution (FI) partners’ security systems to fight these frauds and scams. Leveraging AI To Fight Cybercrime.

Fraud 171

Fraud Analytics System Examples 171

PYMNTS

JUNE 26, 2019

What is surprising, however, is how relatively anemic a showing data analytics makes in terms of executive enthusiasm, with just over a third (35.7 Financial institutions, he noted, don’t pursue things like data analytics as an end in themselves — it is a tool that is almost always going to be used in service of a broader objective. “If

Analytics 118

Analytics Data Tools Fraud 118

PYMNTS

APRIL 11, 2018

The migration to digital corporate travel, expense management and payments technologies means businesses now have access to loads of data they need to adequately analyze their spend too. You can see what’s being expensed, what’s going on individuals’ cards, what’s going into accounts payable that maybe should be going on a card.”.

Analytics 101

Analytics Data Strategy Cards 101

PYMNTS

FEBRUARY 4, 2020

That’s particularly true in accounts receivable (AR), with B2B suppliers not only needing money to flow in from their buyers, but high-quality transaction data for reconciliation, reporting and analytics. The drive for payment information is a key factor behind suppliers’ gradual path toward commercial card acceptance.

Cards 153

Cards Data System Payments 153

PYMNTS

JANUARY 29, 2020

Virtual cards have been spreading across the B2B payment space because of their cost-saving benefits for both companies and suppliers. These cards’ account numbers correspond with certain vendors, and have predetermined spending limits, enabling accounts payable (AP) professionals to better manage expenses, control cash flow and fight fraud.

Cards 130

Cards Strategy Fraud Minneapolis 130

PYMNTS

FEBRUARY 19, 2020

Analysis of contactless card transactions revealed that the volume of commercial card contactless payments, both debit and credit, jumped 24 percent between 2018 and 2019. At the same time, commercial credit cards’ cash advances dropped 14 percent last year. SumUp Wields Cards For Faster Revenue.

Cards 131

Cards Management Report Data 131

FICO

JUNE 28, 2018

Shanghai Pudong Development Bank Issued More Than 9 Million New Credit Cards Last Year Using FICO Originations. Shanghai Pudong Development Bank (SPDB) Credit Card Center, a credit card lending pioneer in China, has increased its customer base using originations powered by technology from analytics software firm FICO.

Analytics 51

Analytics Cards How To Big Data 51

PYMNTS

MARCH 3, 2020

PSCU , a payments credit union service organization (CUSO), announced that Westby Co-Op Credit Union (WCCU) has become a part of the cooperative for credit card processing support and services. The CUSO said it invests in cyberattack prevention tools, such as machine learning (ML) and data analytics, on a regular basis.

Cards 130

Cards Wisconsin Analytics Tools 130

PYMNTS

NOVEMBER 6, 2019

This technology has three components, including remittance matching, a single file for an enterprise resource planning (ERP) system, and consolidated data as well as reporting. Then with the addition of credit cards and other sources, corporates can be jumping between many different systems.

Analytics 100

Analytics Data System Fintech 100

PYMNTS

FEBRUARY 20, 2020

It’s an area of business spend friction that is driving a newfound resurgence in commercial card innovation that the card industry hasn’t seen in decades, with FinTech firms stepping in to take advantage of card transaction data. ” The Biggest Culprits Of Waste. Nixing The Personal Guarantee.

Cards 140

Cards Software Data Management 140

PYMNTS

OCTOBER 16, 2018

Worldpay, the payment technology company, announced Tuesday (Oct. 16) that for the first time, contactless payments have become more popular than chip and pin card purchases when paying in-store in the U.K. The change occurred in June, when 51 percent of in-store card transactions were contactless.

Cards 184

Cards Payments Tools Retail 184

PYMNTS

MARCH 19, 2019

First Data , a commerce-enabling technology and solutions company, announced Tuesday (March 19) the launch of Authorization Optimization, a digital commerce tool that optimizes card-on-file transactions to boost revenue for merchants. All of this occurs without customer intervention, noted First Data.

Tools 173

Tools Data Cards Analytics 173

PYMNTS

JUNE 30, 2020

“PSCU has transformed its business model and evolved from a transactional processor and reseller of a platform partner’s products to an integrated, value-add financial technology solution provider, and we look forward to delivering the benefits of this scale to Primax clients,” he said, according to the press release.

Cards 130

Cards Financial Technology Analytics Operations 130

PYMNTS

SEPTEMBER 6, 2019

As noted in the most recent edition of the Innovation Readiness Playbook, the majority of FIs — at 57 percent — say that payments technology remains on their innovation and roadmaps for the next three years. The customers are savvier, and they’re looking for more from their card than just basic features.”.

Technology 110

Technology User Experience Innovation Analytics 110

Bank Innovation

JUNE 28, 2019

As contactless payments gain wide adoption in Europe, there are questions around how quickly the technology will scale to U.S According to a report released today by data analytics firm GlobalData, increased adoption of contactless […].

US 170

US Analytics Cards Examples 170

PYMNTS

DECEMBER 20, 2018

Growth in the commercial card industry is being driven by more than the push for supplier acceptance in accounts receivable. An example of the conjunction of commercial card innovation and shifting corporate payment trends can be found in the evolving workforce. Payroll company ADP recently estimated that as much as 80 percent of U.S.

Cards 142

Cards Management Trends Innovation 142

PYMNTS

SEPTEMBER 24, 2018

based Volopa has unveiled contactless multi-currency prepaid cards and India- based Obopay purchased mobile app company Mubble. London-based Volopa has unveiled contactless multi-currency prepaid cards geared toward businesses and consumers, according to reports. In addition, U.K. In the U.K. In the U.K.

Cards 138

Cards Analytics Mobile ATM 138

PYMNTS

NOVEMBER 11, 2019

These solutions use Big Data analytics and machine learning (ML) to help businesses better detect fraud and reduce the risks of financial losses. These businesses’ strategies are often hamstrung by legacy fraud solutions that rely on data warehouse technology. This is a problem that can be easily remedied.

Analytics 116

Analytics Data Fraud Tools 116

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.” Software does flag some transactions that seem out of place, but technology is often behind crooks who are getting more sophisticated at making their charges look legitimate.” Emphases added.).

Fraud 98

Fraud Cards Analytics Mobile 98

PYMNTS

JUNE 20, 2019

Commercial cards account for only a portion of corporates’ overall spend, as checks stick around and ACH gains ground. However, their market share is on the rise as card issuers develop more robust rewards programs, and the ability to integrate card spend into back-office spend management and analytics platforms.

Cards 133

Cards Innovation Data Payments 133