Recently, global payment solution provider,
Total System Services Inc.
) extended its alliance with the leading analytics software
Fair Issac Corporation
) to receive fraud management services from the latter.
As per the deal, Fair Issac's latest fraud management solution
will be integrated with Total System's PRIME card and merchant
management solution. The latest version of Fair Issac's fraud
management solution is named FICO Falcon Fraud Manager 6.
Through the alliance between the companies, Falcon Fraud Manager
Solution will be made available to Total System's international
licensed clients as a hosted service. The integrated fraud
detecting solution controls fraud through the use of advanced
analytic models. Another feature specific to this fraud detection
tool is its ability to change by using adaptive models depending
upon the change in fraud pattern.
Fair Issac, better known as FICO is well known for its analytics
software and tools that help businesses manage risk, fight fraud,
build profitable customer relationships and optimize growth. On
the other hand, Georgia based Total System provides payment
solutions that include issuer services and merchant payment
acceptance for credit, debit, prepaid, healthcare and business
solutions to financial institutions, businesses and governments
With the integration of the Falcon Fraud Manager 6, Total System
aims to provide its PRIME clients with high-end anti-fraud
solutions that would in turn enable them to develop PRIME and
maintain its international footprint. In the current alarming
situation where fraud has vastly mushroomed, we consider the
association of FICO's advanced analytics with Total System's card
and merchant solutions to prove fruitful and help the company
come up with competent and best in class operations going
Total System currently carries a Zacks Rank #1 (Strong Buy).
Among other financial services providers,
Official Payments Holdings Inc.
) also share the same Zacks Rank and appear impressive.
FAIR ISAAC INC (FICO): Free Stock Analysis
MASTERCARD INC (MA): Free Stock Analysis
OFFICIAL PAYMNT (OPAY): Get Free Report
TOTAL SYS SVC (TSS): Free Stock Analysis
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