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4 Ways to Create a Better Customer Experience in Fraud

FICO

As a fraud professional, I am passionate about fighting financial crime — yet, at the same time, I tout the importance of balancing security with the customer experience. The frustrating treatment I received illustrates some lessons for a more positive customer experience. Lesson 4: Make Things Right with the Customer.

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America’s AI Bill of Rights is the Right Idea – and It’s About Time

FICO

It’s been a couple of weeks since the White House released its Blueprint for an AI Bill of Rights , a 73-page handbook that was promptly, and probably predictably, pilloried with headlines like, “ Biden’s AI Bill of Rights is Toothless Against Big Tech ” and “ Does the White House AI Bill of Rights Amount to Anything ?” by Scott Zoldi.

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Top 5 Fraud Manager Considerations During COVID-19

FICO

Improve our defenses, and refresh our operations handbook, to handle the increase in mule accounts for money laundering. The customer experience impact of declines at this time. How an increased amount of point-of-sale (POS) based transactions compared with the customer’s normal could look out of pattern.

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The Four Blind Spots Costing Big Retail Big Bucks

PYMNTS

Instead, retailers should today be focused on enabling a best in class experience in every channel that the consumer uses to interact with them – and then bring them together – omnichannel-style on the back end. There are, however, some mega-retailers who have taken this approach and are starting to see results.

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