The FICO Proximity Location Service, part of FICO Fraud Resolution Manager, compares the physical location of a cardholders registered mobile phone against the location of the ATM or point-of-sale terminal where the card is being used. Based on the proximity, a cardholder account can be blocked or cleared for further activity.
FICO Fraud Resolution Manager is an automated, two-way communications service that processes fraud cases by leveraging data assessment, decision management and customer intervention. FICO Fraud Resolution Manager can be integrated with FICO FalconFraud Manager, a platform for credit fraud management.
In recent news, FICO has signed an agreement with Cloudera, a provider of enterprise-grade Apache Hadoop data management software, support services and training, to provide a Big Data platform for the FICO Analytic Cloud, an environment for creating, customising and deploying analytics-driven applications and services.
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