NEW YORK, Nov. 6, 2019 /PRNewswire/ -- FICO WORLD
2019 -- PULSE, one of the nation's leading
debit/ATM networks, recently adopted the FICO®
Falcon® Platform to deliver new fraud-detection services
to its network of more than 4,100 debit issuers. Collaborating with
FICO, PULSE deployed enhanced fraud-detection and blocking
capabilities to its issuers with customized capabilities made
possible by the power of the FICO Falcon Platform.
In addition to a real-time scoring deployment, PULSE and FICO
built new capabilities that empowered the debit network to offer
issuers greater flexibility in managing their unique portfolios and
requirements through improved case-management functionality.
The FICO Falcon Platform, the world's most intelligent
fraud platform, improves the consumer experience by detecting
potential fraud while remaining invisible during legitimate
transactions. PULSE considered many vendors, but ultimately
selected FICO to provide the foundation of its
DebitProtect® fraud-detection service.
"In this era of digital commerce, criminals constantly work to
beat the system, so the system has to work equally hard to keep
up," said Dave Schneider,
president of PULSE. "With the Falcon Platform and its team of
experts, we have the flexibility and capacity needed to create and
launch new fraud-detection and risk-mitigation services that are
benefiting our issuers today, and we have a foundation we can build
upon into the future."
The new case management functionality assists issuers in
reducing costs by enabling them to more accurately manage groups of
compromised cards, as well as allowing or restricting transactions
for individual or multiple accounts. This improves the customer
experience by reducing disruption of legitimate transactions and
cardholders.
The increased capacity and flexibility provided by FICO gives
PULSE the ability to implement more custom fraud-blocking rules for
its issuers, and to implement the rules faster than was previously
possible.
"We're thrilled PULSE selected FICO and our team to build and
deliver new real-time fraud-detection services
collaboratively," said TJ Horan, vice president of product
management at FICO. "Together, our experts created new tools
that issuers can use to mitigate risk. We know that as electronic
payments evolve, security risks do too. That's why we work with
innovators like PULSE, and it's why we designed the Falcon Platform
to be flexible enough to adapt to the challenges our clients
face."
About FICO
FICO (NYSE: FICO) powers decisions that
help people and businesses around the world prosper. Founded in
1956 and based in Silicon Valley, the company is a pioneer in the
use of predictive analytics and data science to improve operational
decisions. FICO holds more than 195 US and foreign patents on
technologies that increase profitability, customer satisfaction and
growth for businesses in financial services, telecommunications,
health care, retail and many other industries. Using FICO
solutions, businesses in more than 100 countries do everything from
protecting 2.6 billion payment cards from fraud, to helping people
get credit, to ensuring that millions of airplanes and rental cars
are in the right place at the right time. Learn more at
http://www.fico.com
About PULSE
PULSE, a Discover Financial Services
(NYSE: DFS) company, is one of the nation's leading debit/ATM
networks. Financial institutions, merchants, processors and ATM
deployers across the United States
and around the world depend on PULSE's comprehensive suite of
products and services and its commitment to providing exceptional
client service, flexibility, security and superior economics. PULSE
also serves as a resource for debit education, research and
knowledge drawn from more than three decades of industry
experience. For more information, visit pulsenetwork.com. For
insights into the latest payments industry trends visit Payments
& You.
FICO and Falcon are registered trademarks of Fair Isaac
Corporation in the United States
and in other countries.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/pulse-and-fico-deliver-debit-fraud-service-innovation-to-financial-institutions-300952486.html
SOURCE FICO