This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

FICO Falcon Fraud Manager 6.3 Prevents Electronic Payments Fraud On Demand Deposit/Current Accounts

MINNEAPOLIS, Oct. 31, 2012 /PRNewswire/ --  FICO (NYSE: FICO), the leading provider of predictive analytics and decision management technology, today announced the availability of the latest version of the industry-leading payment fraud solution, FICO® Falcon® Fraud Manager 6.3.  The new version protects consumers' card and demand deposit (DDA) /current accounts from various forms of payment fraud, including e-payments fraud. Already the leader in card fraud protection, FICO Falcon Fraud Manager now applies FICO's dynamic profiling capability, neural network analytics and self-calibrating models to protecting individuals' DDA/current accounts – all while helping banks deliver a positive customer experience.

(Logo: http://photos.prnewswire.com/prnh/20111010/CG83314LOGO )

The proliferation of electronic payments and mobile banking poses several challenges to financial institutions, including managing fraud and reputational risk, retaining operational efficiency and preserving customer experience. Falcon 6.3 enables financial institutions to leverage self-learning behavioral analytics to detect and prevent electronic payment fraud in real time. By taking advantage of FICO Falcon Fraud Manager's advanced behavioral analytics, card issuers, processors and retail banks can improve the customer experience and operational efficiency by accurately and efficiently detecting suspicious out-of-pattern payments as well as automating real-time decisions on genuine payments. Financial institutions can also meet regulatory requirements by integrating sophisticated behavioral analytics for remote banking as well as leveraging a single transaction monitoring, investigation and decision-enabling solution within their enterprise fraud defense framework.

"Launched 20 years ago, FICO Falcon Fraud Manager continues to lead the market as the best-in-class solution for detecting and preventing payment fraud across evolving and changing channels," said Doug Clare, vice president of product management at FICO. "As financial institutions offer their customers new online banking services, Falcon Fraud Manager will be on guard for fraudulent transactions, helping the banks provide greater safety and a hassle-free customer experience."

"Internet and mobile banking provide customers the ability to bank anywhere and anytime, as well as an opportunity for financial institutions to reduce operating costs," said CEB TowerGroup research director Jason Malo.  "As customers bank across many different channels, it is essential for financial institutions to assess and confront account risk based on the transaction request and method by which the transaction is initiated."

FICO® Falcon® Fraud Manager is the most accurate and comprehensive solution for detecting payment fraud, reducing losses by up to 50 percent. Protecting more than 2.5 billion payment accounts worldwide, Falcon Fraud Manager detects fraud while minimizing both operational costs as well as adverse customer impacts.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,700.05 -51.34 -0.29%
S&P 500 2,102.99 -5.58 -0.26%
NASDAQ 5,095.69 -16.0430 -0.31%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs