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Digital ID Proofing – Why Fraud & Compliance Must Work Together

FICO

As my colleague TJ Horan says in his post , the worlds of fraud and compliance are moving closer together. A critical meeting point for these disciplines is the identity proofing of customers, particularly using digital channels. This comes at a cost to customer experience that means lost business and poor customer satisfaction scores.

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Vantiv, Now Worldpay: A Decision Management Maturity Rockstar!

FICO

Luckily, Decision Management (DM) technology has been invented and has come a long way since AC/DC released this epic anthem in 1975. With solutions like the FICO Decision Management Platform (DMP), the journey from novice to rockstar can be faster than a speed metal riff. trillion. Merchant Onboarding: The need for speed.

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Biometric Security Crucial for Fraud Protection and CX

FICO

Because customers value ease of use and good fraud protection most, FIs must balance scam protection with making things easy for good customers – but not TOO easy. Customers Prefer Easy & Safe. Customers Prefer Biometric Security. Download the white paper on this survey. FICO Admin. Tue, 07/02/2019 - 02:45.

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Banks Missing Commercial Card Opportunity

PYMNTS

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. “This may suggest compliance issues.” Commercial cards are tricky. ” .

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First-Party Fraud Must Be Stopped Across the Customer Lifecycle

FICO

It is possible that more customers perceive the consequences of falsifying income data on a mortgage application to be less severe than submitting fraudulent insurance claims, or that faking the loss of an item when reporting an actual theft is more difficult to get away with than faking income one has never earned. Sarah Rutherford.

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Top 5 Surprises from FICO’s Fraud and Digital Banking Survey

FICO

But these can introduce friction into customer experiences in different ways, like forcing users to navigate out of an app to copy and paste a passcode sent by text message. To solve the problem, FIs must design and support experiences with the least number of “touches” that still offer strong protection against fraud.

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How to Fight Telecommunications Subscription Fraud

FICO

Machine learning increases the concentration of fraud relative to non-fraud applications at high score thresholds, whilst minimising false positives and therefore impact to customer experience. Read our white paper on Fraud in the Digital Experience Era – Telecommunications.

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