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Fair Isaac

Welcome to the News View for "Fair Isaac".

Here, on these archive pages, you'll find all of the articles on Payments News for Fair Isaac listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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November 10, 2014

Headline News from PaymentsNews.com - November 10, 2014

On the Web:

  • Cultural Adventures In Payment Systems – Part I - Monday Note (Jean-Louis Gassée) - "This insouciant way of doing business was unheard of in my Gallic homeland. The French (and most Europeans) think that trust is something that must be earned, that it has a value that is debased when it’s handed out too freely. They think an American’s trusting optimism is naïve, even infantile."
  • Can Apple Pay and CurrentC Coexist? - PC World (Tim Bavarian) - "What I suspect will happen is that stores backing CurrentC will eventually cave and also offer Apple Pay, too. There is no reason they should not coexist."
  • Why Facebook Has Entrusted Its Future to the CEO of PayPal - Wired - "The company that controls the messaging platform will control the future of the way we interact with people and, quite possibly, with businesses."
  • Apple Watch set to become gatekeeper to the iPhone - Mobile Commerce Daily - "I am excited for the Apple Watch and believe that it is going to be a game-changer for consumers and marketers alike."
  • Happy Birthday to the FICO® Score! - FICO Blog - "The FICO® Score is 25 years old in 2014. Introduced in 1989, it democratized access to credit by removing many of the barriers to fair lending."

On the Wires:

  • NCR Silver POS to Support Bitcoin - "Bitcoin support, which will be integrated with NCR Silver by the end of 2014, will be free to merchants. After registering with a bitcoin processor, all merchants have to do is activate bitcoin as a payment option in the POS back office within NCR Silver. Consumers, meanwhile, pay using a mobile bitcoin “wallet” app which is available in either the Apple App StoreSM or Google PlayTM store."
  • Citi Convenes Developers from around the Globe to Unveil Innovative Digital Banking Solutions at Citi® Mobile Challenge Demo Days - “Through Citi Mobile Challenge, we are reaching out to developers in a groundbreaking way with the ultimate goal of improving client experiences,” said Heather Cox, Chief Client Experience, Digital and Marketing Officer for Global Consumer Banking at Citi. “This global initiative is the first of its kind in banking. The scope is unprecedented, with several hundred submissions from 62 countries."
  • Borderfree Brings Top U.S. Retailers to Chinese Shoppers This Holiday Season with New Alipay ePass Service - “We believe the time is finally right for retailers to aggressively enter the Chinese market, and Borderfree is actively exploring new ways to help our customers more effectively reach this tremendous consumer base,” said Michael DeSimone, Chief Executive Officer, Borderfree.
  • Drive Mobile Banking Adoption by Focusing on Three Key Areas Says Fiserv White Paper - "Titled “Exceeding the Mobile Adoption Benchmark: Effective Strategies for Driving Greater Adoption and Usage,” the complimentary white paper provides proven, actionable strategies to optimize mobile banking investments, with a focus on the three key areas of product investment, marketing and frontline staff engagement."

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

August 14, 2014

Headline News from PaymentsNews.com - August 14, 2014

On the Web:

On the Wires:

  • BitPay Expands San Francisco Office - "As part of the recent growth, the company has named Sonny Singh as its Chief Commercial Officer to oversee all sales operations. With over 15 years of experience in helping to grow tech companies, Sonny will be responsible for increasing BitPay’s customer base of over 40,000 merchants."
  • DISH Accepts Its First Bitcoin Payment - "Austin and Beccy Craig, the stars of a new documentary film “Life on Bitcoin,” were the first DISH customers to pay with the digital currency. The Craigs spent the first 101 days of their marriage paying exclusively with bitcoin. The documentary will soon be released chronicling their adventure and educating viewers about bitcoin."

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

August 11, 2014

Headline News from PaymentsNews.com - August 11, 2014

On the Web:

  • Mobile-Payments Firms Order Up New Strategy: Restaurants - Wall St. Journal Digits Blog - "Priceline’s OpenTable unit, which it bought this year for $2.6 billion, is set to announce Monday it will expand a restaurant-focused payment app nationwide, from a test in about 20 restaurants in San Francisco."
  • Who Wants Automated Fraud Alerts? 91% of People - FICO Banking Analytics Blog - "Banks in the UK and some other countries brought fraud levels much lower, then focused on how to make the purchase process much more streamlined. This has allowed fraud losses to rise."
  • Simplifying the Bull: How Picasso Helps to Teach Apple’s Style - New York Times (Brian X. Chen) - "Steven P. Jobs established Apple University as a way to inculcate employees into Apple’s business culture and educate them about its history, particularly as the company grew and the tech business changed."

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

August 08, 2014

Headline News from PaymentsNews.com - August 8, 2014

On the Web:

  • Credit Scores Could Rise With FICO’s New Model - New York Times - "Because of the new scoring model, individuals with a median score of 711 — and an otherwise clean credit history, except for unpaid medical debts — may see their FICO score rise by 25 points."
  • How Uber Explains Our Economic Moment - HBR Blogs (Andrew McAfee) - "My driver said he’d been with Uber ever since he’d graduated from his master’s program in IT project management last year. This profession was, according to him, going through hard times."
  • How Bitcoin Went Legit - Management Today (UK) - "Charlotte Bowyer, head of digital policy at think tank the Adam Smith Institute, says the signs are there that the Bitcoin community is beginning to get serious about professionalising the currency..."
  • How Innovation in Payments Can Drive Local Marketing - StreetFight - "What we’re doing is making that more efficient, and, as a side benefit, simplifying the advertising infrastructure so that payment components can be given away for free."
  • Intuit Acquires UK-Based Payroll Service PaySuite - TechCrunch - "PaySuite is one of the larger providers of payroll software in the U.K. The company says that the partnership will help them to continue development for “small businesses, accountants and bookkeepers across the U.K. and around the world.”"
  • Gemalto Buys SafeNet for $890 Million - Wall St. Journal - "Gemalto said Friday that U.S.-based SafeNet's network data protection offering, which includes cryptographic systems used in cloud-based security, was a good fit with its authentication technology."
  • Oh Thank Heaven, Even 7-Eleven Has a Venture Capital Arm - Re/code.net - "The company sees itself not just as a place to get a hot dog or nachos, but potentially as the first or last mile for all manner of commerce."

On the Wires:

  • FICO Score 9 Introduces Refined Analysis of Medical Collections - "This latest version of the FICO® Score, the industry-standard measure of U.S. consumer credit risk, captures recent consumer behavior to give lenders better risk assessments across the credit lifecycle and all credit products."
  • TSYS Releases Payment Security White Paper - "The white paper suggests issuers are actively engaged in steps to establish a stronger payments ecosystem that includes layered security measures — such as card tokenization, EMV, adaptive risk-based 3D Secure and cardholder alerts — along with strong customer education to provide assurance which in turn increases usage and loyalty."

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

August 04, 2014

Headline News from PaymentsNews.com - August 4, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

November 07, 2013

Headline News from PaymentsNews.com - November 7, 2013

On the web:

  • Bitcoin: A Primer - Federal Reserve Bank of Chicago - "Bitcoin is a digital currency that was launched in 2009, and it has attracted much attention recently. This article reviews the mechanics of the currency and offers some thoughts on its characteristics."
  • Bitcoin isn’t so broken after all - Freedom to Tinker (Ed Felten) - "In short, a coalition of ES-miners cannot form and will not survive."
  • Square Exploring 2014 IPO With Banks - WSJ Digits - "Technology entrepreneur Jack Dorsey is trying to pull off two high-profile initial public offerings in the span of one year."
  • Minting Cash: how Square designed a product with no design at all - The Verge - "One of Dorsey’s most critical directives during the process was that users shouldn’t have to come up with new usernames and passwords, because in real life, you don’t need a password to hand some money to a friend."
  • Does anyone care about Square? - Financial Services Club Blog - "We will soon live in a world without payments. As retailers integrate more of the financial transaction into their trade processes, the more we live in a world where payments become increasingly irrelevant."
  • Is Bitcoin Broken? - Bitcoin Foundation - "...I believe the paper’s assertion of a fundamental flaw is based on some over-simplified assumptions about how the bitcoin mining market works."
  • The Bitcoin Bubble - TechCrunch - "Bitcoin can have ‘value’ based not on any sort of government backing or the like, but it can provide short-term utility to all holders if it has use."
  • Bitcoin Climbs to Record on Wider Acceptance, China Trade - "If James Bond, Sergey Brin and Paul Volcker all got together and designed their ideal currency, it might look a lot like Bitcoin..."
  • Jumio unveils faster and smarter Netswipe 2.0, cements its standing as the most secure mobile payment verification option - PandoDaily - "Today Jumio announced version 2.0 of its Netswipe platform, making payment card scanning significantly faster and adding the ability to read not only credit card numbers and expiration date, but also, for the first time, the cardholder’s name."
  • BTCJam: P2P Lending via Bitcoin - NetBanker - "Case in point: BTCJam , a global P2P lending outfit with founders in Brazil and San Francisco, that lends in Bitcoins."

On the wires:

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join Glenbrook's Carol Coye Benson and Scott Loftesness for our Glenbrook Payments Boot Camp on December 10-11th in Palo Alto, California!
  • Glenbrook's Jacqueline Chilton will be speaking social media and payments at the W.net Northern California LINC Networking event being held November 14 at Google.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

August 19, 2013

Headline News from PaymentsNews.com - August 19, 2013

On the web:

On the wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

May 22, 2013

Headline News - May 22, 2013

On the web:

On the wires:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

March 12, 2010

New on PaymentsViews.com - Threats to Deposit Accounts

In an article titled "Under Attack! Threats to Deposit Accounts: an Interview with FICO Fraud Solutions", Glenbrook's Jacqueline Chilton talks with Mike Urban, FICO Senior Director of Fraud Solutions, about how criminals are enhancing their margins in ATM and debit card fraud.

February 23, 2010

FICO Finds Consumers Defaulting on Mortgages Before Credit Cards

In a press release, FICO announced that it is finding that "mortgage default risk for consumers with high FICO scores now exceeds their credit card default risk, even though most credit cards are unsecured credit and mortgages are secured by real estate. The company observed a parallel rise in mortgage delinquencies for higher-scoring U.S. consumers." READ MORE »

July 21, 2009

Equifax, FICO Deliver New Credit Capacity Index

Equifax_logo-140px.jpgEquifax and FICO have introduced the Credit Capacity Index to give lenders and credit grantors easy access to a unique analytic tool to better assess consumer credit risk. The Index is "the first forward-looking risk management tool that rank-orders consumers based on their ability to take on future debt. Available through Equifax, Credit Capacity Index enables lenders to strengthen their account acquisition and account management strategies while minimizing exposure to potential losses while not burdening consumers with too much debt." READ MORE »

April 30, 2009

FICO Announces Falcon Fraud Manager 6.0 General Availability

FICO has announced the general availability of its Falcon Fraud Manager 6.0 - saying "it is the first payment card fraud management solution to incorporate adaptive analytics, an innovation that accelerates financial institutions’ ability to spot new fraud patterns and prevent them from causing extensive damage. Early response to this innovation has been enthusiastic, with multiple projects already underway, including an installation at a major, U.S.-based credit card issuer." READ MORE »

March 31, 2009

FICO Introduces New Bankcard and Auto Credit Scores

FICO has announced the release of its newest FICO scores targeted specifically to the automobile lending and bankcard industries. TransUnion is making the scores available to lenders and issuers under the names FICO® Risk Score, Classic Auto 08 and FICO® Risk Score, Classic Bankcard 08. READ MORE »

March 12, 2009

FICO Launches "FICO Score Trends" for Lenders

FICO has announced the launch of a new subscription service for businesses, FICO Score Trends. Through the service, "lenders will be able to access and drill down into industry FICO® score trends, indexed by a range of criteria such as industry, geography and time period, to regularly analyze their own portfolios and improve their risk management and forecasting." READ MORE »

December 09, 2008

Fair Isaac Announces Limited Release of Falcon Fraud Manager 6.0

Fair Isaac has announced it is releasing its Falcon Fraud Manager 6.0 scoring server to select customers who wish to begin deployment projects ahead of the product’s general availability in the spring of 2009. The new version applies recent advances in fraud analytics and profiling to help financial institutions quickly identify changing fraud patterns and minimize losses. READ MORE »

August 14, 2008

Fair Isaac Launches Fraud Alert Network Forum

Fair Isaac has introduced the Fraud Alert Network Forum, an online community in which financial professionals share tips, techniques and experiences in dealing with increasingly sophisticated fraud schemes. The new forum, previously known as the CardAlert Fraud Forum, originally launched in 2002. READ MORE »

June 10, 2008

Equifax, Fair Isaac Partner for Analytics, Scoring Solutions

Equifax and Fair Isaac have announced a partnership "to develop and sell advanced analytics and scoring solutions for businesses and consumers. Under the agreement, the two companies will leverage Equifax's consumer credit data and Fair Isaac's scoring technology, and will jointly market and sell new FICO analytic products." READ MORE »

April 28, 2008

Fair Isaac Updates TRIAD Adaptive Control System

Fair Isaac has announced the release of TRIAD adaptive control system version 8.3 providing credit grantors with access to 'improved flexibility and processing capabilities that accelerate the development and implementation of profitable decisions in account and customer management, at both the enterprise and portfolio levels.' Fair Isaac says that 65% of bankcards globally are processed on a Fair Isaac adaptive control system. READ MORE »

February 04, 2008

Fair Isaac Partners on Credit Scoring for Indian Lenders

Fair Isaac has announced an alliance with High Mark Credit Information Services of India to introduce Fair Isaac's global-standard FICO credit risk scoring technology to Indian lenders.

READ MORE »

January 22, 2008

Fair Isaac Introduces Credit Risk Management Suite

Fair Isaac has announced "a new forward-looking decision tool kit for lenders. The Fair Isaac Risk Management Suite, available in 2Q08, provides deeper insight into the future debt sensitivity and default risk of individuals, as well as more precise understanding of default risk across entire loan portfolios."

READ MORE »

November 28, 2007

Brazil's ACSP Launches Global FICO Consumer Credit Scores

Fair Isaac and Associacao Comercial de Sao Paulo (ACSP), one of the largest credit bureaus in Brazil, have announced ACSP’s launch of Global FICO Score for Brazilian businesses - saying that "the launch of this innovative consumer credit-risk score makes Brazil the first South American nation to access Fair Isaac’s global-standard FICO credit risk scoring technology."

READ MORE »

August 28, 2007

Fraud Detection Capabilities for Debit Cards

Fair Isaac has announced that it will team up with NYCE Payments Network to "deliver innovative device-profiling technology to the debit card industry, providing NYCE Network participants with one of the best fraud detection and prevention offerings in its class."

READ MORE »

August 20, 2007

Online Resources, Fair Isaac Partner for Web-Based Collections

Online Resources and Fair Isaac have announced a partnership to "accelerate access to industry-leading collections and payment capabilities for hundreds of collection agencies and debt buyers."

READ MORE »

June 05, 2007

Fair Isaac Adjusts FICO 08 Scoring

Fair Isaac has announced that it will "adjust its FICO scoring formula to ensure the continued reliability and predictive power of FICO scores. This action is intended to protect lenders and FICO scores from abuse of authorized user credit card accounts by a new kind of credit repair service that sells consumer credit card histories to credit applicants in order to purposefully misrepresent the applicants’ own credit history to lenders and other businesses."

READ MORE »

November 12, 2006

Fair Isaac FICO Expansion Credit Risk Score

Fair Isaac has announced that its FICO Expansion credit risk score "has proven in a major lending-industry study to be the first strong and reliable credit score for assessing the risk of millions of Americans who have little or no credit information on file at Equifax, Experian and TransUnion. The study also demonstrated that FICO Expansion score aligns with the company’s industry-standard Classic FICO score for quicker adoption by lenders and combined coverage of as many as 50 million more American consumers than can be addressed by any competing credit risk model." According to an FAQ, the "FICO Expansion score analyzes non-traditional credit data. Examples of such data include deposit account records, pay day loan cashing, and purchase payment plan performance."

READ MORE »

October 12, 2006

Fair Isaac Sues Major Credit Reporting Agencies

Fair Isaac Corporation has announced that it filed a lawsuit yesterday in Federal Court in Minneapolis "alleging that the three national credit reporting agencies and a jointly owned entity have violated antitrust laws and engaged in unfair competitive practices." Fair Isaac alleges that "Equifax Inc., Experian Information Solutions Inc., TransUnion LLC and VantageScore Solutions, LLC, through their launch and marketing of the VantageScore credit scoring model, are jointly engaging in unfair and anti-competitive practices that harm the FICO credit score brand and goodwill that Fair Isaac has spent 50 years creating."

READ MORE »

July 18, 2006

SEMPO Teams With Fair Isaac to Research Click Fraud

The Search Engine Marketing Professional Organization (SEMPO) and Fair Isaac Corporation have announced plans to collaborate on a research study on click fraud and click quality in pay-per-click advertising (PPC advertising).

March 15, 2006

More on VantageScore

Eileen Alt Powell reports for the AP with more details about VantageScore, the new credit scoring system announced yesterday by the three major credit bureaus Equifax, Experian and TransUnion.

READ MORE »

February 27, 2006

Fair Isaac Reportedly Plans Click Fraud Effort

Burt Helm reports for Business Week on increasing concerns about click fraud on Internet advertising - and on plans by Fair Isaac, a company with considerable expertise in the area of financial fraud detection, to announce at this week's Search Engine Strategies Conference that it intends to help the online advertising industry better address the growing problem of click fraud.

READ MORE »

February 26, 2006

FICO Credit Scores - Credit Utilization

Stef Donev of Interest.Com writes for the Orlando Sentinel about some of the "odd" aspects of how FICO credit scores are calculated - in particular, on the notion of credit utilization. For example, your credit score will fall if you cancel credit cards with large credit lines but low or no outstanding debt on them and leave open other credit card accounts which are closer to being maxed out.

READ MORE »

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