Debit payments have a $960 million fraud problem — and reliance on analyzing customers' behaviors doesn’t go far enough. Modern security measures must examine the behavioral patterns of all transactional participants (including the ATM), says FICO Vice President Doug Clare. In the inaugural Next-Gen Debit...
Widely publicized data breaches and hacks have made today’s consumers especially concerned about fraud. Cautious shoppers may find comfort in debit, with fraud losses associated with the payment method declining over the past several years. This payment rail’s use is going strong in the United...
