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FICO Fights Prepaid Card Fraud with AI and Machine Learning

FICO

Beyond the ubiquitous gift cards, which are loaded once for a fixed amount, other types are reloadable and are used for applications such as payroll, government benefits, and health savings account (HSA) spending cards. It projects the market to grow at an annual rate of around 10%, reaching $428 billion in 2021.”.

AI 52
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5 Benefits of ACH Payments Over Check Payments

Stax

These transactions usually process within one to three business days and are most commonly used for payments such as direct deposits for payroll, recurring bill payments, and B2B invoice payments. Regulation E also provides consumers with dispute and error resolution rights.

ACH 88