article thumbnail

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.

article thumbnail

Top 5 Fraud Manager Considerations During COVID-19

FICO

As anti-fraud professionals, we should: Be aware of increased account takeover and customers susceptible to scams and help by educating our customers ( Here is some recent advice and tips for consumers ). Improve our defenses, and refresh our operations handbook, to handle the increase in mule accounts for money laundering.

Fraud 52
article thumbnail

The Four Blind Spots Costing Big Retail Big Bucks

PYMNTS

The advantages, of course, are that these larger retailers are able to efficiently and accurately manage and track inventory, manage and track customers, and manage and optimize store operations, among other things, throughout their physical channels. Walmart perfected its in-store channel and, separately, its online channel.

Retail 100