article thumbnail

Home Credit China Cuts Risk by 25 Percent on Thin File Loans

FICO

Home Credit , a global non-bank consumer lender, has successfully reduced its credit risk while maintaining loan volumes and keeping approval rates steady by incorporating the FICO® Score X Data to optimize its loan process in China.

Risk 97
article thumbnail

Jewel Paymentech Puts Banks On Par With FinTechs

PYMNTS

The company offers real-time risk assessment of merchants who are looking for a traditional point-of-sale (POS) terminal, a mobile POS (mPOS) and other payments and eCommerce solutions. The merchant has to demonstrate why they need the terminal and submit to a risk assessment process.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Leveraging Machine Learning to Reinforce Financial Fraud Prevention

Fi911

The technology’s capabilities extend across various aspects of fraud detection, including: ATM Fraud: Blending anomaly detection, behavioral analysis, and risk assessment Credit Card Fraud: Detecting abnormal transaction patterns Email Phishing: Advanced ML-based scanners to identify and block harmful emails Mobile Fraud: Prompt notification regarding (..)

article thumbnail

PCI DSS Checklist: Secure Your Business

VISTA InfoSec

This includes passwords used by operating systems, software that provides security services, application and system accounts, point-of-sale (POS) terminals, Simple Network Management Protocol (SNMP) community strings, wireless equivalent privacy (WEP) keys, and default service set identifier (SSID) passwords.

PCI DSS 130
article thumbnail

PCI DSS Requirement 9 – Changes from v3.2.1 to v4.0 Explained

VISTA InfoSec

Changes Terminology Focuses on "devices that capture payment card data" at the point of sale (POS terminals). Now is the time for organizations to re-evaluate their physical security strategies, conduct updated risk assessments, and refine their protection processes to align with these enhanced standards.

PCI DSS 147
article thumbnail

How FIs Can Win The Battle Against ‘Smarter’ Payments Fraud

PYMNTS

Lerdal pointed to P2P payments and eCommerce as key areas of attack. “In In the old days, it was ATMs and the point of sale [POS],” he said. Drilling down a bit, within the institutionalization of fraud, certain types of commerce are finding favor among fraudsters.

ATM 67
article thumbnail

This Week in Fintech: TFT Bi-Weekly News Roundup 01/03

The Fintech Times

Eazy Financial Services ‘EazyPay’, a Bahraini financial institute specialised in point-of-sale (POS) and online payment gateway acquiring services, has joined forces with Visa to enable Visa Direct, a funds transfer solution for EazyPay’s customer base.

FinTech 64