Market Overview

TSYS, FICO Partner to Help Prevent Card Fraud in Brazil

Related TSS
Morgan Stanley Raises Price Target On Total System Services On In-Line F15 Guidance
TSYS and Banco CSF S.A. Extend Payments Agreement
Will Total System (TSS) Surprise This Earnings Season? - Analyst Blog (Zacks)
Related FICO
Top 4 Mid-Cap Stocks In The Business Software & Services Industry With The Highest ROI
FICO Model Central 5.0 Streamlines Analytic Model Governance And Regulatory Compliance

TSYS (NYSE: TSS), a leading global payments solution provider, and FICO (NYSE: FICO), a leading predictive analytics and decision management software company, announced today that they will protect more than 1.8 million cardholders in Brazil using FICO^® Falcon^® Fraud Manager. TSYS will deploy FICO Falcon Fraud Manager version 6.3 to deliver safer payment transactions, swiftly resolve suspicious activity and comply with new payment standards.

Fraud in credit card is a growing problem in Brazil. There is one fraud attempt every 15 seconds, and credit card fraud losses totaled US$500 million in 2012. In addition, card fraud attempts rose 2.4 percent in the first five months of 2013 over the same period in 2012.

Posted-In: News


Related Articles (TSS + FICO)

Around the Web, We're Loving...