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Digital Identity, Security & Online Fraud

FICO releases FICO Falcon Fraud Manager 6.3

Thursday 1 November 2012 | 08:50 AM CET

Global decision management services provider FICO has released the latest version of its payment fraud solution, namely the FICO Falcon Fraud Manager 6.3.

The newly launched version protects consumers' card and demand deposit (DDA) /current accounts from various forms of payment fraud, including e-payments fraud. Falcon 6.3 enables financial institutions to leverage behavioral analytics to detect and prevent electronic payment fraud. Financial institutions can also meet regulatory requirements by integrating behavioral analytics for remote banking as well as leveraging a single transaction monitoring, investigation and decision-enabling solution within their enterprise fraud defense framework.

FICO Falcon Fraud Manager provides fraud prevention, detection, investigation, recovery and remediation. The company’s service is based on neural network models that analyze transaction behavior and spending patterns to produce a fraud risk score.
 

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