Fair Isaac Corporation the provider of analytics and decision management technology, announced that it will team up with NYCE Payments Network, LLC, a U.S. debit card payments network, to deliver innovative device-profiling technology to the debit card industry.
With NYCE, a Metavante company, Fair Isaac will extend its account-profiling technology to ATMs and point-of-sale (POS) terminals to determine the fraud risk associated with individual devices. Based on data from NYCE's network of 280,000 ATMs and 1.5 million POS locations nationwide, the technology will identify typical, nonfraud transaction patterns for each terminal and create device profiles that enable detection of abnormal, potentially fraudulent transaction patterns.
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