FICO Round Table Discusses Approaches to Sharp Rise in Scams and Authorised Push Payment Fraud
FICO event on 8 February will gather industry experts to discuss what must be done across the payments ecosystem to stem losses from fraud scams
“When the Covid pandemic pushed an even higher number of transactions online, fraudsters saw an opportunity and reacted,” explained
FICO’s round table is designed to provide a non-competitive and collaborative forum to share learnings and discuss new strategies.
As well as a number of representatives from the financial sector, industry experts will join the discussion, including:
Jonathan Williams, Payments Specialist, Payments Systems Regulator
Dianne Doodnath, Principal, Remote Payment Channels at UKFinance
Gareth Williams, Naomi Palmerand Alex Berriman, Fraud Consultingat FICO
“We will all benefit from this gathering of industry leaders, experts and regulators,” concluded Palmer. “The opportunity to discuss key issues and develop a plan is an important step in protecting consumers’ finances.”
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 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 nearly 120 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.
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