Sales League Table 2020 | Banking Technology Winners

Results Announced!

IBS Intelligence launches BankTech Daily News

Subscribe today. Limited time offer.

The Black Swan Opportunity | Get your bank digital ready.

IBSI Special 5 Digital Report Package with Special Offer. Subscribe now

India FinTech Report 2020

Insights into the historical and projected market size of key FinTech categories. Subscribe now

PULSE taps FICO to deliver fraud detection services

PULSEPULSE, a financial services company delivering debit/ATM networks has tapped the FICO Falcon Platform to deliver new fraud-detection services to its network of more than 4,100 debit issuers.

PULSE will be offering enhanced fraud-detection and blocking capabilities to its issuers with customized capabilities powered by the former’s FICO Falcon Platform, according to a statement.

In addition to a real-time scoring deployment, the two companies have built new capabilities in the debit network to offer issuers greater flexibility in managing their portfolios and requirements through improved case-management functionality.

The FICO Falcon Platform is a fraud protection platform that improves the consumer experience by detecting potential fraud while remaining invisible during legitimate transactions.

“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,” Dave Schneider, president of PULSE commented.

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. It improves the customer experience by reducing the disruption of legitimate transactions and cardholders.

The increased capacity and flexibility provided by FICO gives PULSE the ability to customize fraud-blocking rules for its issuers and to implement the rules faster.

Founded in 1956, FICO uses predictive analytics and data science to improve operational decisions. It 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.

PULSE, a Discover Financial Services company, is a provider of debit/ATM networks. Its products and services are subscribed by various financial institutions, merchants, processors and ATM deployers globally. The company also serves as a resource for debit education, research, and knowledge.

Related IBS Intelligence Research

Related Posts


NAB to recruit bankers and advisers for high net wealth clients

National Australia Bank (NAB) announced that it will recruit 50 new bankers and advisers, as part of its new strategy to provide high net wealth clients with a single point of access for their financial needs, ranging from wealth creation, business growth to retirement needs and philanthropic investment. JBWere CEO and leader for NAB Private, […]

This post is only available to members.

Read More »

EQ launches new automated complaints management product

EQ has announced that it is launching a new automated complaints management product for the financial services industry, EQ Complaints Professional. The new solution is expected to enable firms to enforce their FCA compliance immediately as well as continually as regulation changes. Andrew Edler, MD of EQ Charter, commented, “We are delighted to bring this […]

This post is only available to members.

Read More »
bank, FinTech, neobank, smartbanks, challenger banks, Asia

Australia’s big 4 banks welcome the launch of open banking

The Competition and Consumer (Consumer Data Right) Rules went live on July 1, in Australia. This has been welcomed by the big 4 banks of the country – ANZ, Westpac, Commonwealth Bank and NAB where they will be sharing their customers’ data with third parties, when requested by the customer. Angus Sullivan, CBA’s Group Executive […]

This post is only available to members.

Read More »

Lendio facilitates $8 bn in PPP loans to 100,000 small businesses

Lendio, a leading marketplace for small business (SMB) loans, announced that the company has till now facilitated $8 B in Paycheck Protection Program (PPP) loans for 100,000 small businesses. The firm’s partnership with 300 SBA-approved financial institutions and FinTech leaders has helped the company to secure COVID-19 relief funds for several underserved segments of the […]

This post is only available to members.

Read More »