Discerning hoaxers’ increasing fraudulent behaviour towards card frauds, FICO, an analytical software provider, has partnered with Conductor, an electronic payments company, to protect Brazilian payment cards from fraud. FICO® Falcon® Platform will protect millions of credit cards processed by Conductor by using Cognitive Fraud Analytics and artificial intelligence technology. Along with detecting fraud in real time, the platform will adapt to changes in fraud trends and protect over 2.6 billion payment cards worldwide. The solution improves management of transactional fraud detection on payment cards, deposits, debits, and electronic & mobile payments.

“With the FICO partnership, we are able to offer the most renowned and recognized anti-fraud solution in the market – both to issuers who already are our customers, and to those who are not and just wish to hire that service”

On the occasion, Antonio Soares, CEO, Conductor asserts, “With the FICO partnership, we are able to offer the most renowned and recognized anti-fraud solution in the market – both to issuers who already are our customers, and to those who are not and just wish to hire that service”. “Falcon models are based on the largest data fraud consortium in the world, the Falcon Intelligence Network. Conductor will also offer omnichannel communication based on FICO Customer Communication Services, which further reduces false positives and takes user experience to a higher level. For example, when the system identifies abnormal behavior, it communicates directly with the user’s preferred communication channel to confirm whether it is fraud or not,” adds Alexandre Graff, Vice President, FICO, Latin America.

While FICO powers decisions that help people and businesses around the world prosper and uses predictive analytics and data science to improve operational decisions, Conductor specializes in electronic payment processing and solutions and features a comprehensive ecosystem that supports several fronts in the payment and purchases chain, such as retail, banks, financial institutions, fin-techs, and the commercial agreements and benefits sector.