TSYS TSS, a
leading global payments solution provider, and FICO 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.
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