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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.

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