FICO and Jersey Telecom Team Up to Fight Authorized Push Payment Fraud
Summary
• Global analytics software company FICO has teamed up with Jersey Telecom to offer a new solution to combat Authorized Push Payment (APP) fraud. A partnership between analytics software company FICO and Jersey Telecom (JT) has yielded a new solution to provide direct, near real-time intervention to protect customers from financial crime in general and Authorized Push Payment (APP) fraud in particular. Meanwhile, FICO uncovered strong correlations between a customer’s mobile phone behavior and the potential that an active scam is occurring. Today, businesses in more than 100 countries use FICO’s technology and solutions to defend customers against fraud, advance financial inclusion, boost supply chain resiliency, and more. The company’s FICO Score has become the standard measure of consumer credit risk in the U.S., and is used by 90% of the country’s top lenders.
