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How Blaze Pizza Fires Up Friendly Fraud Defenses

PYMNTS

Consumers are using mobile apps’ order-ahead features and loyalty perks more often during the COVID-19 pandemic, yet chargeback fraud — also known as friendly fraud — is unfortunately also rising. Chargebacks were originally instituted as a last resort for customers, but they have gained popularity alongside digital commerce.

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VIDEO: The Galloping Growth of Merchandise Muling 

FICO

Over the last year, the global pandemic has profoundly impacted fraud trends , with financial criminals feasting on a desperate stew of consumer loneliness, financial difficulties, boredom and desperation. A Local Twist on a Global “Secret Shopper” Scam. Here, victims in the U.S. By furnishing mules in the U.S.

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Winners of 2021 FICO Decisions Awards Announced

FICO

Customer Onboarding & Management. OCBC , a multinational banking and financial services corporation headquartered in Singapore, launched an online 60-minute mortgage approval service for Singaporeans using FICO® Origination Manager. Fraud & Security. Credit checks that used to take three days are now done in seconds.

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Fraud Trends for 2022: Top 5 Includes "Scamdemic" and Bad Bots

FICO

Fraud Trends for 2022: Top 5 Includes "Scamdemic" and Bad Bots. FICO's annual conference exposed some of the biggest fraud trends today, from the "scamdemic" to bot attacks. In May, 800 FICO customers and partners joined FICO colleagues at the first FICO World since the pre-pandemic event in New York in 2019.

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Facial Recognition Is Already Here: These Are The 30+ US Companies Testing The Technology

CB Insights

Biometric technology such as facial recognition can quickly and accurately identify individual people and their emotional state, making it a powerful tool for ensuring security and preventing fraud. Beauty brands are letting customers try on makeup virtually. The company is hoping this technology will be showroom-ready by 2020.