Fico Collections

JANUARY 12, 2022

The changing global regulatory landscape and ever-shifting fraud vectors are just two of the biggest challenges facing financial institutions. I recently sat down with Sidhartha Dash, Research Director at Chartis Research, for a conversation about the technology and trends in enterprise fraud management. Video Discussion : 2:15-7:30).

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Fico Collections

AUGUST 8, 2022

New Pioneer Category. Winners in the ten categories will again be evaluated and awarded by a panel of independent judges with deep industry expertise: AI, Machine Learning & Optimization. Fraud Management. Pioneer Award (new category). Cloud Deployment. Customer Onboarding and Management. Debt Management.

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Debt Management Startups Government 52

Fico Collections

SEPTEMBER 23, 2020

Awards will be presented in eight categories: AI and Machine Learning, Cloud Deployment, Customer Onboarding and Management, Debt Management, Fraud & Security, Decision Management Innovation, Financial Inclusion and Regulatory Compliance. Nominations are due December 4, 2020, and winners will be announced January 22, 2021.

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Fico Collections

OCTOBER 6, 2021

New ESG Champion Category. ESG Champion (new category). Fraud Management. Nominations are due December 3, 2021 , and winners will be announced on January 28, 2022. For more information and to enter a nomination, visit www.fico.com/decisionsawards. Cloud Deployment. Customer Onboarding and Management. Debt Management.

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Debt Management Government Banks 52

Fico Collections

MARCH 1, 2022

Fiserv, a leading global provider of payments and financial services technology solutions, has developed a new fraud mitigation service that has reduced fraud losses, which were already low by industry standards, by 10 to 15% for its small to midsize credit union and bank clients. Keeping Up With The Fraudsters.

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Banks Credit Unions Credit Unions Financial services 52

Fico Collections

NOVEMBER 21, 2022

First-Party Fraud Must Be Stopped Across the Customer Lifecycle. While those in the financial services industry would term this first-party fraud, it is evident that a significant minority of people don’t think of such behaviour as unacceptable. FICO Admin. Tue, 07/02/2019 - 02:45. by Sarah Rutherford. expand_less Back To Top.

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Financial Institution Financial services Banks Loans 52

Fico Collections

DECEMBER 8, 2020

The report also includes more than 80 category winners. Chartis announced its list of companies included in the RiskTech100 2021 report - FICO was recognized by Chartis as category winner in Innovation, AI Applications, and Financial Crime-Enterprise Fraud. Drumroll, please! What an honor! Looking forward to 2021.

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Fico Collections

OCTOBER 12, 2020

This has yielded a rise in medical equipment fraud and put banks’ fraud detection systems into overdrive. Spending and Fraud Surge on PPE and Telemedicine. For purposes of examining fraud, medical spending comprises two main categories, the first of which is Medical and Laboratory Equipment Supplies.

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Banks 52

Payment Savvy

JANUARY 11, 2023

Also known as interchange categories , these buckets establish interchange rates with every processed transaction between the credit card issuers and the merchant processors. The interchange category, or bucket, is the key point at play here and the reason for a fair amount of distress among business owners. What Is a Bucket?

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Banks Retail 98

Fico Collections

OCTOBER 19, 2020

Last week I shared FICO’s insights into fraud patterns related to spending on medical devices , including personal protective equipment (PPE) and medical devices such as nebulizers. This post examines whether increased food deliveries are causing a similar rise in food delivery fraud. Key Takeaways on Food Delivery Fraud.

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Fico Collections

DECEMBER 15, 2020

I’m thrilled that FICO has been named as the Category Leader for Innovation in the recently published 2021 Chartis RiskTech 100. Additionally, FICO was recognized as one of the top six overall risk management technology vendors and won Category Leader for AI Applications and Financial Crime-Enterprise Fraud.

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Financial Institution Financial services Banks 52

Troutman Sanders

JANUARY 22, 2024

FinCEN’s report also noted that the most frequently reported typologies (specific reporting categories) in identity-related BSA reports in 2021 were fraud, false records, identity theft, third-party money laundering, and circumventing standards.

Financial Institution 52

Financial Institution Banks Loans 52

Credit Corp

OCTOBER 6, 2023

This happens because credit bureaus use the following factors to determine your score: Payment history Credit utilization Credit age Credit mix New accounts Hard inquiries fall under the new accounts category for your credit. Contact the fraud department: You can report the fraud to PayPal’s fraud department.

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Banks Lender Consumer Credit 52

Fico Collections

NOVEMBER 24, 2021

The 2022 Chartis RiskTech100® Report is live, and I am proud to announce that FICO ranked 6th overall in the annual report and was named the category winner for: Innovation (5th consecutive year). Financial Crime – Enterprise Fraud. Artificial Intelligence Applications. Retail Credit Analytics. What a way to wrap the year!

Financial Institution 52

Financial Institution Retail 52

Fico Collections

JULY 1, 2022

Global Fraud Trends: What’s Happening and What’s Next? Here are the highlights from the fraud trends breakout session at FICO World 2022 with a panel of fraud professionals from Brazil, Turkey and North America. Ulisses Okamoto , Fraud Risk Management Superintendent at Itaú Unibanco (Brazil). Tue, 07/02/2019 - 02:45.

Banks 52

Banks Financial Institution 52

Payment Savvy

AUGUST 3, 2023

Every BIN number can be checked to prevent fraud and ensure the protection of both merchants and consumers when shopping. Here are some of its key purposes: To check who is the card issuer : If you suspect fraud or need to dispute a charge, knowing what institution issued a card will help you identify who to contact.

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Banks Financial Institution Retrieval Healthcare 98

Fico Collections

DECEMBER 12, 2022

I am very glad that my role at FICO centers on AI and analytic innovation, and incorporating it into the wide range of solutions our customers use to fight fraud, scams and other financial crimes. This technology is incorporated into FICO® Falcon® Fraud Manager. The Power of Patents.

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Retail Banks 52

Fico Collections

APRIL 29, 2022

With any change, fraud comes hand-in-hand. All these evolutions mean a changing landscape for retail fraud and scam trends. The article also talks about how, unlike credit card and debit card fraud losses, fraudulent activity and losses through Zelle leave customers and often the banks themselves unable to recoup funds.

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Retail Banks Financial Institution Trade 52

Collection Industry News

NOVEMBER 16, 2021

The possibility of mortgage fraud is rising here in California and across the U.S., Fraud indications in Q2 2021 were found in: The share of mortgage applications with indications of fraud was up 37% from a year earlier. property fraud , when the borrower provides false information about the property.

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Foreclosure Lender Loans Collections 40

Credit Corp

NOVEMBER 2, 2023

You don’t have to keep track of categories to maximize your cash back – rest assured that you’re getting cash back on all purchases. And since this is a Visa card, it’s accepted by the vast majority of merchants and backed by Visa’s basic fraud protections.

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Fico Collections

MAY 21, 2021

There are a growing number of decisioning platforms to choose from to combat fraud and financial crime. Find out the remaining three key items that should be on your checklist for a decisioning platform used to fight fraud and financial crime by downloading our comprehensive guide. Shared Characteristics Libraries. by Doug Clare.

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Financial Institution 52

Fico Collections

SEPTEMBER 20, 2022

Fighting Fraud with Responsible AI: My Talk with Dr. Scott Zoldi. FICO fraud expert TJ Horan talks fraud management and responsible AI with FICO's Chief Analytics Officer, Dr. Scott Zoldi. As for me, I’m a software guy and payments professional doing my best to roll with the changes in an ever-shifting fraud landscape.

Retail 52

Retail Banks 52

Credit Corp

SEPTEMBER 13, 2023

In other words, every single account on your credit files will fall into one of the categories above—revolving, installment, or open—and all of those accounts are tradelines. How Can You Earn the Maximum Points for the Types of Accounts Category? Once a tradeline is added to your credit report, it will affect your credit score.

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Credit Unions Credit Unions Student loans Student Loans 97

Credit Corp

SEPTEMBER 21, 2021

Different cards earn cash back in different categories and at different rates, varying from 1% to 6%. You’ll Have Better Fraud Protection, and You Can Dispute Unauthorized Purchases. Credit card fraud , on the other hand, can often get cleared up with a phone call. Read More: What’s in a Credit Score?

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Trade Banks Loans 98

Fico Collections

SEPTEMBER 14, 2021

What does that mean for fraud professionals? As you can see, QR codes figure prominently into a growing category of payment methods. QR Codes and Fraud. Of course, any payment method carries inherent fraud risk. Let’s take a look. . Hello Panda. Venmo is a PayPal company. QR Codes and the ‘Wallet Diet’.

Retail 52

Retail Banks 52

Fico Collections

JANUARY 5, 2021

It’s no surprise that COVID-19 would be one of the subjects that drew readers to the FICO Blog last year, but for the Fraud Protection and Compliance category it wasn’t the only top draw. What else made for the hottest reads in 2020 for fraud and financial crime? 2: Fighting Fraud: How Biometrics Enhance Identity Authentication.

Financial Institution 52

Financial Institution Banks Lender Government 52

Fico Collections

JULY 23, 2020

Electronic payments have paved the way for new and old authorised push payment (APP) scams to hit the UK market, with a 40% rise in 2019 ; 56% of Europeans surveyed experienced at least one type of fraud/scam in 2018/2019. Fraud scams are a concern for every fraud manager. Detecting fraud without marked data can be a challenge.

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Fico Collections

FEBRUARY 16, 2021

The USA has been suffering from a pandemic of synthetic identity fraud. Synthetic identity fraud happens when fraudsters use a combination of real and fabricated information to create identities of people that don’t exist. Although the issue of synthetic identity fraud is global, the USA has proven to be particularly susceptible.

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Financial Institution Banks Financial services 52

Credit Corp

DECEMBER 13, 2023

Learn how to apply for a Capital One VentureOne Rewards Card here Learn more See Rates and Fees Other Perks In addition to travel rewards, this card comes with numerous perks, including $0 fraud liability, no foreign transaction fees, account alerts, price-drop protection, travel accident insurance and extended warranty on certain products.

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Creditworthiness 103

Fico Collections

JANUARY 28, 2022

This year we have 11 winners across 8 award categories representing companies from every corner of the globe. Everything from managing new fraud patterns and customers who need financial assistance to remote working, furloughed staff and incorporating new sanitary measures. Fraud Management – ELO. Debt Management – Ceska.

Debt Management 52

Debt Management Banks Government Collections 52

Payment Savvy

NOVEMBER 18, 2020

This means the customer requests the payment canceled with their bank due to mainly an unsatisfactory experience or fraud. Bad credit and a lack of assets are also reasons to fall into the category. Other factors placing an enterprise into the high-risk category include: Offshore headquarters. High-dollar transactions.

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Banks Collection Agencies Collections Agency Loans 52

Fico Collections

FEBRUARY 27, 2023

In 2023, we have 15 winners across 10 award categories representing companies from every corner of the globe. The entries this year reveal great advances in technology and approach as organizations become more sophisticated in the way they solve their most pressing challenges.

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Retail Startups Banks Debt Management 98

Fico Collections

NOVEMBER 23, 2021

At Conductor, he helped the payments and banking-as-a-service platform increased fraud detection by 25 percent. Armando has worked as a lead consultant on transformation projects across private, retail and wholesale banking. Armando has an MBA from Brazil’s Fundação Getulio Vargas. by Nikhil Behl.

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Manufacturing Banks Financial services Debt Management 52

Fico Collections

OCTOBER 28, 2018

The recent fascination with artificial intelligence and machine learning has made some of us ( naturally intelligent) humans confused about the role that these technologies play in the broader field of fraud analytics. In the fraud management space, BI can be thought of as a descriptive performance reporter. Source: FICO Blog.

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Banks Construction 52

Fico Collections

MAY 13, 2021

The new rules divide AI systems into different categories of risk (based on the impact of an error in the AI system) and impose restrictions and requirements based on that risk. The majority of AI systems (including AI-enabled video games or spam filters on your computer) fall into the low-risk category, requiring very little oversight.

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Manufacturing Retail Government Banks 52

Fico Collections

OCTOBER 17, 2022

FICO’s Bank Statement Score breaks down transactional data into over 100 categories according to the banking industry terms used in the country. Mark Roberts is a senior consultant for risk, fraud, and regulatory data science and analytics on FICO’s Asia-Pacific team. Mark Roberts.

Banks 52

Banks Financial Institution Financial services Government 52

Credit Corp

JUNE 1, 2023

The card also comes with peace of mind from its free fraud liability program. Pros and cons Pros No annual fee Fraud liability Flat rate rewards Cons No debt card for welcome bonus Balance Transfer Balance transfer credit cards allow you to transfer debt from one account to another, and the best ones come with little to no fees.

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