Fico Harnesses Location Data For Fraud Prevention

Major U.S. credit reporting agency Fico has developed new fraud protection technology that harnesses the power of geolocation via mobile phones, ATMs and point-of-sale terminals, Finextra reported on November 5. 

Called the Fico Proximity Location Service, the company says the service has reduced false positives by up to 70 percent in initial testing.

To learn more about the technology and how Fico plans to bring it to market, click here.

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