PULSE, a subsidiary of Discover Financial Services, extends its partnership with FICO to enhance fraud-detection technology for financial institutions, merchants, and consumers globally.
Facts
- PULSE, part of Discover Financial Services, and FICO (global analytics software provider) extend their collaboration.
- They jointly deliver advanced fraud-detection technology to reduce risks for financial institutions, merchants, and consumers worldwide.
- PULSE enhances its DebitProtect® suite of fraud-mitigation solutions using FICO’s Falcon® Fraud Manager.
- PULSE benefits from FICO’s fraud insights from its vast network of 9,000 financial institutions.
- DebitProtect and DebitProtect Authorization Blocking offer fraud alerts and authorization blocking.
- FICO’s latest fraud model separates card-not-present from card-present transactions, bolstering fraud detection in digital and e-commerce channels.
- The partnership addresses the increasing shift to digital payments and the evolving nature of fraud.
- The 2023 PULSE Debit Issuer Study reveals heightened focus on fraud prevention among debit issuers.
- Survey respondents enhanced fraud models, shared educational materials, enabled self-service, and invested in authentication tools.
