FICO Infographic: How Fast is Real-Time Fraud Detection?
FICO® Falcon® Fraud Manager performs more than 15,000 calculations to detect fraud in less time than it takes a helicopter blade to rotate or an automobile airbag to inflate. These real-time fraud calculations use a wealth of data associated with many variables, including the transaction amount, merchant profile, transaction location, point-of-sale device, time of day, and credit card account history.
"Stopping payment fraud is a balancing act that requires payment card providers to protect their cardholders without inconveniencing them," said Dr.
FICO's real-time, fraud-prevention infographic can be viewed and downloaded at www.fico.com/realtime.
About FICO
FICO (NYSE: FICO) is a leading analytics software company, helping businesses in 90+ countries make better decisions that drive higher levels of growth, profitability and customer satisfaction. The company's groundbreaking use of Big Data and mathematical algorithms to predict consumer behavior has transformed entire industries. FICO provides analytics software and tools used across multiple industries to manage risk, fight fraud, build more profitable customer relationships, optimize operations and meet strict government regulations. Many of our products reach industry-wide adoption. These include the FICO® Score, the standard measure of consumer credit risk in
FICO: Make every decision count™. Learn more at www.fico.com.
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SOURCE FICO
Media: Jeff Scott for FICO, +1 (408) 884-4017, jscott@iqprinc.com; Investors/Analysts: Steven Weber, +1 (800) 213 5542, investor@fico.com