PYMNTS

MARCH 19, 2018

Credit card skimmers are a headache for fuel retailers, but there is more than one way that fraudulent actors can target fleet spend. In addition to stolen credentials and skimmed cards at the fuel point-of-sale, employees are often able to overspend with their commercial fleet card products, or file fraudulent expense reports.

Fraud 153

Fraud Cards eBook Data 153

PYMNTS

OCTOBER 27, 2016

ID Analytics, a consumer risk management company, announced Wednesday (Oct. A frequently referenced Bankrate.com study reported that 63 percent of millennials do not have a credit card. While many millennials may not own credit cards, it is not for a lack of applying for credit.

Millennials 100

Millennials Cards Analytics Study 100

Perficient

DECEMBER 22, 2023

Positive Aspects of AI in Financial Services As noted by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques, have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.

Risk Management 221

Risk Management Compliance Fraud Operations 221

PYMNTS

APRIL 15, 2020

The advent of COVID-19 , Fiserv ’s Vice President of Risk Analytics and Strategy Kannan Srinivasan and Vice President of Fraud and Financial Crimes Management Gasan Awad told PYMNTS, didn’t introduce these things – but it did create a perfect storm of factors that is now pushing these fraudsters into overdrive. The New Normal.

Fraud 201

Fraud Risk Management Security Cards 201

PYMNTS

JUNE 22, 2020

Bad actors, are, increasingly, targeting online card applications, using stolen personally identifiable information to apply for credit, leveraging those ill-gotten credit lines to make fraudulent purchases. Visa, said Barrett, is using analytics in tandem with a proprietary centralized U.S. alone topped $10.2 billion last year.

Fraud 193

Fraud Cards Risk Management Customer Experience 193

PYMNTS

JUNE 23, 2017

LexisNexis Risk Solution, a data and analytics company that helps loaners assess the risk of small business lending to borrowers, is teaming up with Cortera to add its trade credit analytics capabilities into the mix. ”

Data 136

Data Payments Analytics Comparison 136

FICO

JUNE 28, 2018

Shanghai Pudong Development Bank Issued More Than 9 Million New Credit Cards Last Year Using FICO Originations. Shanghai Pudong Development Bank (SPDB) Credit Card Center, a credit card lending pioneer in China, has increased its customer base using originations powered by technology from analytics software firm FICO.

Analytics 51

Analytics Cards How To Big Data 51

PYMNTS

MARCH 18, 2020

From there, Connor said, a pricing strategy must also factor in an effective rate tied to the MCC (merchant category code), which determines the interchange rates and fees paid by the merchant to issuing banks for card payments. There are published interchange rates associated with the different cards that make up the payment mix.

Payments 151

Payments Software Risk Management Data 151

PYMNTS

MAY 5, 2017

The compromised Sabre system reports offering seamless connectivity to over 120 property management, 7 revenue management, 7 CRM and 18 content management solutions according to the company’s website. Jeff Hill, Director of Product Management at third-party risk management solutions provider Prevalent, Inc.

Cards 113

Cards Fraud Security Retail 113

PYMNTS

JUNE 21, 2017

Enova Decisions , an analytics and digital decisioning solution provider, has announced the launch of its new “decision flow starter kits,” a new tool that will enable companies to achieve such goals as improved detection of application fraud and smarter credit approvals.

Analytics 129

Analytics Fraud Tools Data 129

PYMNTS

SEPTEMBER 24, 2020

Every bank can offer ACH and card payments, but application programming interfaces ( APIs ), gathering data from disparate parts of the financial ecosystem, are helping make the bank account the focal point of the corporate’s universe, embedded into the ERP. Those executives will expect improved risk management services from their banks.

Payments 237

Payments Data Fintech User Experience 237

PYMNTS

JULY 23, 2019

Vendor risk is becoming an increasingly integral part of the supply chain management process, according to analysts. American Express is deploying Ariba Network APIs to integrate virtual cards as a new offering for business payers, the companies explained at the time.

Data 119

Data Risk Management Analytics Survey 119

PYMNTS

SEPTEMBER 15, 2017

FinTechs are brilliant at data collection, analytics, reinventing and rethinking, and we need them to do that so we can provide ever better services for the constituencies we care most about: those who [are] unbanked or underbanked.”. This is one of the higher-rated cards for our customer segment, with an average customer rating of 4.7

Fintech 198

Fintech System Lending Cards 198

Payments Source

MARCH 30, 2016

But it's not as unusual as my credit card issuer might think, and that's part of the problem for prevailing identity management strategy. I don't normally buy $300 of pizza.

Risk Management 60

Risk Management Management Strategy Cards 60

FICO

OCTOBER 25, 2017

Factor Balance Change Sensitivity into Your Card Strategies. It is unknown to a traditional risk score who exactly will steeply increase their credit card balances (and who will be allowed or encouraged to do so by lenders’ strategies). The post How New Risk Analytics Stress-Test Individual Consumers appeared first on FICO.

Analytics 65

Analytics Strategy Cards Miami 65

Abrigo

APRIL 25, 2024

Using Charm’s dynamic models along with existing processes, institutions improve their decision-making by incorporating an array of data sources and leveraging analytics to gain actionable insights. Shrinking safety net for SMBs Importantly, alternatives to bank loans that SMBs traditionally turn to for capital are under increased pressure.

Lending 221

Lending Trends Capital Strategy 221

Payments Source

NOVEMBER 7, 2017

For much of the last decade, credit card companies and issuers have fine-tuned security to the point where if any suspicious activity occurs on a cardholder account, that cardholder will receive an alert. That same sort of transaction and behavioral analytics is starting to come into other business sectors and walks of life.

Cards 69

Cards Industry Analytics Security 69

Gonzobanker

JULY 6, 2021

The key to success for most optimization strategies is a focus on functionality-, workflow- or integration-driven process improvements that ideally come from core but sometimes from third-party CRM, analytics, and RPA systems. As this article points out, a core system replacement may not be in the cards for every institution.

Strategy 158

Strategy System Risk Management Technology 158

FICO

JANUARY 4, 2018

What were some of the most interesting risk analytics topics last year? Judging from the views on the FICO Blog, risk professionals are keenly interested in new ways to approach risk analytics. A New Way to Score Credit Risk – Psychometric Assessments. Using Alternative Data in Credit Risk Modelling.

Analytics 58

Analytics Data DC Millennials 58

CFPB Monitor

SEPTEMBER 9, 2019

The CFPB’s fourth biennial report on the credit card market was issued at the end of August. The Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act) requires the CFPB to perform periodic market reviews. Risk management. Physical point-of-sale.

Cards 60

Cards Report Marketing Leadership 60

PYMNTS

SEPTEMBER 4, 2019

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms.

Lending 134

Lending Fintech Guidelines Meeting 134

PYMNTS

DECEMBER 30, 2016

Mike Vigue, vice president, product strategy, cyberfraud and risk management at B2B payments firm Bottomline Technologies , warns that ongoing use of paper checks, fraudulent emails and general ignorance of cyberthreats will continue to place businesses — and their payment activities — at the center of thieves’ targets.

Fraud 145

Fraud Security Survey Technology 145

Independent Banker

OCTOBER 28, 2014

Drew McMullen, a partner and managing director for Sense Corp. Community banks are using some basic analytics processes for reporting on account sizes, credit risk and elementary customer segments,” agrees Karan Bhalla, managing director for IQR Consulting in Santa Rosa, Calif. in Maplewood, Mo., Reporting data.

Data 88

Data social media Community Bank Community 88

PYMNTS

NOVEMBER 12, 2019

In an interview with PYMNTS, PSCU Chief Risk Officer and President of Credit Union (CU) Recovery & The Loan Service Center Jack Lynch and NICE Actimize General Manager of Case Management & Platform Justin McLean said it is no longer possible for humans to keep up with the vast amount of data coming into financial institutions (FIs).

Fraud 145

Fraud Payments Management Data 145

PYMNTS

MARCH 26, 2019

While global growth is now easier than ever, the FX risks of internationalization are growing more complex, while services available from traditional providers haven’t entirely caught up to the demands of today’s global market. The scope became very large.”.

Strategy 173

Strategy Management How To Risk Management 173

PYMNTS

JANUARY 10, 2018

“Through features like Repeat Offenders and Excessive Attendee insight, we are making financial auditing and risk management processes more efficient — as much as 80 percent faster than traditional methods,” Oversight Systems CEO Patrick Taylor said in a statement. “By

Fraud 100

Fraud Tools Policies Risk Management 100

PYMNTS

JULY 10, 2019

A recent report from Deutsche Bank explored the opportunities of faster and real-time payments in the corporate treasury function, pointing to foreign exchange management, for instance, as one area in which visibility into transaction data is key. Open Banking.

Data 156

Data Payments Fintech Trends 156

PYMNTS

SEPTEMBER 14, 2016

In a world where transactions now take seconds rather than minutes, hours or days to process and approve, the prevention controls must be exercised in real time with intelligence applied across the medium of channels that might be used in today’s digital world, including cards and online banking transactions. million in 2007 to £52.5

Fraud 100

Fraud Payments Customer Experience Exercises 100

PYMNTS

DECEMBER 8, 2020

Congress , the Federal Reserve and the Department of the Treasury must confront the ghosts of stimulus disbursements past, where tens of millions of individuals had to wait for paper checks to be delivered by snail mail or paid cards (and at least some of the cards may have been thrown away by recipients by mistake, which led to reissuance).

Payments 183

Payments Fraud Taxes Tools 183

Gonzobanker

SEPTEMBER 21, 2023

Private equity firm Flexpoint Ford acquired Baker Hill , provider of loan origination, risk and analytics software (our analysis here). Card issuer and processor Marqeta acquired Power Finance , an embedded fintech credit card program. Helix partnered with Unit21 for fraud and risk management solutions for fintechs.

Fintech 103

Fintech Software Illinois Lending 103

Perficient

MAY 17, 2022

Total outstanding debt in the sector grew by $84bn to $1.46tn, outpacing the increase seen in student and credit card debts combined.” Reporting and analytics to set and measure goals and forecasts for every process and function related to those goals. Auto-loan originations in the U.S.

Strategy 294

Strategy Customer Experience Study Technology 294

PYMNTS

MAY 7, 2020

Argos Risk, Gatekeeper Enable Third-Party Management. Argos Risk and Gatekeeper are teaming up to offer enhanced third-party and supplier risk management solutions in a Software-as-a-Service offering that aims to support the buyer-supplier relationship. OnPay Solutions Touts The V-Card For Buyers, Suppliers.

Payments 151

Payments Tools cryptocurrency Management 151

PYMNTS

SEPTEMBER 25, 2019

There are solutions — low limit “toy cards” that keep new customers on a very short financial leash of a few hundred dollars, securitized cards that required an initial deposit, high-interest personal loans — but they tend to be expensive and limited.

Data 122

Data Resources Cards Security 122

Independent Banker

NOVEMBER 13, 2014

Drew McMullen, a partner and managing director for Sense Corp. Community banks are using some basic analytics processes for reporting on account sizes, credit risk and elementary customer segments,” agrees Karan Bhalla, managing director for IQR Consulting in Santa Rosa, Calif. in Maplewood, Mo., Reporting data.

Data 70

Data social media Community Bank Community 70

FICO

OCTOBER 12, 2021

Global analytics software provider FICO today released its analysis of UK card trends for August 2021. The summer holidays and a continued reliance on pandemic savings probably contributed to a growth in average spend on cards. Eight-year high for increasing spend on UK cards. Spending over card limit increases.

Cards 52

Cards Data Payments Analytics 52

FICO

DECEMBER 10, 2020

More than 100 C-level analytic and data executives were interviewed for the report, to understand how organizations are developing and deploying AI capabilities. In 2021, I predict that a similar decoupling will begin in some AI software applications; algorithms and models will be pulled out and sold separately as analytic microservices.

Analytics 98

Analytics Fraud Data Software 98

FICO

APRIL 6, 2017

To build the models in Origination Manager Essentials, our data scientists used AI and machine learning algorithms to discover a better way to segment the scorecards. The way that we can capture these subtle changes in behavior, and can incorporate them into the credit risk model, presents a distinct advantage for FICO customers.

How To 96

How To social media Analytics Examples 96