Payments Fraud
Industry-proven machine learning and AI for payments fraud protection across all channels.
Overview
Money is moving fast, and consumers need the assurance their payments are safe
Payments fraud is a relentless problem — you stop one fraud attack but another starts as fraudsters agilely reinvent, looking for the weakest link across channels and lines of business. Enterprise fraud management with industry-proven AI models is essential for continuous, contextual, and real-time payments fraud protection.
Fraud finds its way into all payment channels — new and old
Protect all the payment channels with contextual machine learning and AI that intuitively classifies legitimate and fraudulent financial transactions while recognizing the individual consumer behavior preferences for a convenient and secure experience. Payment types susceptible to fraud include:
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Real-Time / Instant Payment Schemes
UK Faster Payments, SEPA Credit Transfer, Brazil’s PIX
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Person to Person (P2P)
Venmo, Dwolla, Zelle
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Mobile Wallets
Apple Pay, Google Pay, Android Pay
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Payment Cards
Credit, Debit, Prepaid, Commercial
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Online Banking
ACH, Direct Debit, Bank Transfer
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Wires
SWIFT, Federal Reserve Wire Network, Clearing House Interbank Payments System
Solutions
FICO solutions offers a wide range of capabilities, empowering you to make smarter, personalized decisions, streamline operations, and improve the customer experience.
From the FICO Blog
June 26, 2018
Instant Payments Mean Real-Time Payments Fraud
The global adoption of real-time payments schemes, alongside the problems suffered by early adopters, has turned the focus to real-time payments fraud.
Contact Us
Connect with FICO for answers to all your product and solution questions. We look forward to hearing from you.