Kiddicare has seen a 50% reduction in orders rejected due to suspicion of fraud since the introduction of a new system. Twelve months ago Kiddicare engaged 192business, who specialise in verifying the validity of name, address, age and other information provided on an ecommerce order, and CyberSource, who’s decision manager fraud management tool automatically employs up to 200 global validation tests such as order repetition, geolocation and device intelligence, to help establish a transaction’s trustworthiness.
Previously, Kiddicare manually checked a large proportion of the ecommerce orders it received. Though the strategy successfully limited fraud, it was clear that Kiddicare was also rejecting legitimate orders, not to mention incurring high costs for manual review.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more