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Dock Stops Over USD$50m a Month in Fraud Using FICO Technology

FICO

The innovative pay-as-you-go solution allows Dock’s clients, including banks, fintechs, and retailers, to intercept fraudulent transactions and protect their operations, while also improving the user experience. The fraud prevention solution is based on FICO® Falcon® Fraud Manager and FICO® Customer Communication Services (CCS).

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How Fake Reviews Undermine Restaurants’ COVID-19 Responses

PYMNTS

“One of the biggest challenges is that we didn’t offer delivery at all prior to COVID-19, and we were moving as quickly as possible to offer our guests food delivered to their homes through an easy in-app, branded experience,” Lawton explained. “It Attracting first-time customers is an entirely different animal, however.

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5 Ways Digital Payments Will Change FIs and Fraud in 2023

FICO

5 Ways Digital Payments Will Change FIs and Fraud in 2023. Financial institutions (FIs) are not letting fraud trends like scams fade into background noise, but fraud awareness is rising among customers and both the banks and customers are eager to mitigate as much as possible. FICO Admin. Tue, 07/02/2019 - 02:45. by TJ Horan.

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Making The Swych From Plastic Gift Cards To Mobile, Digital Ones

PYMNTS

The holiday shopping season is well upon us, and the eternal question remains: How does a gift giver make sure that the gift receiver feels as though they have received the perfect gift? They can be picked up in a hurry and can be used at the recipient’s choosing in terms of time and place. Gift cards may seem a logical answer.

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Data Dive, Rainy Days Edition: Fines, Misses And Video Game Money Laundering

PYMNTS

Criminals are executing carding fraud and getting money in and out of the Fortnite system with relative impunity,” said Benjamin Preminger, a senior intelligence analyst at Sixgill. And an estimated 86 percent of the scams were shared via social media platforms such as Facebook, Instagram and Twitter.

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Qumram’s Regtech Offering Lands $1.49 Million

Fintech Labs Insights

Qumram has already gained great traction in the US. In addition to facilitating compliance, Qumram offers internal and external fraud detection, as well as actionable insights that inform banks how to improve the user experience.

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AutoGPT Will Change Your Bank

South State Correspondent

In tests, it did this in less time than it took to tell someone else to conduct the task set for us and about 10x faster than doing it ourselves. Imagine an experience where customers and employees can get a 1:1 concierge service via a generative AI-driven chatbot. Banks can offer AI agents that do more than banking.