Jul 8, 2020 | By Stacy Gorkoff
When it comes to card-not-present transactions, security is constantly a moving target. Between February and April, the peak period when COVID-19 was spreading across much of the US, cyber-attacks against the financial sector were reported to have risen by 238%. The exponential growth of digital payment transactions, combined with the increasing variety of customer-facing devices and payment applications, has many financial institutions re-evaluating their approaches to cybersecurity.
Jun 23, 2020 | By Stacy Gorkoff
Increasing payment speed and infrastructure complexity is leading to rising payment fraud rates. When it comes to the risk assessment and authentication of real-time payments transactions, the time window for analysis has shrunken to pretty much zero. Some of the challenges banks and credit unions are dealing with today include: The result of these challenges? More real-time payments fraud, mounting financial losses and new questions surfacing over who is liable for the recouping of funds.
Jun 16, 2020 | By Laura Fear
Five minute videos. Once a week. Seven weeks. A payment fraud boot camp miniseries to speed up your transaction-level payment fraud detection and prevention.
Exploring INETCO's Case Management Engine to Speed up Payment Fraud Investigations and Reduce False Positives
Jun 1, 2020 | By Stacy Gorkoff
INETCO thrives on helping financial institutions deliver an amazing customer experience through optimized transaction performance, faster detection of transaction-level fraud and maximized business value from payment intelligence. Our core competency lies in our ability to decode a wide variety of payment protocols on-the-fly, making comprehensive transaction data ready for real-time analysis.
Tips to Make More Impactful Decisions Related to Payments Revenue, Card Portfolio Profitability and Customer Service
May 22, 2020 | By Laura Fear
Welcome to the final installment of our 3-part series featuring recommendations to help financial institutions (FIs) navigate the impact of COVID-19 on their payments business. While we have previously focused on providing tips around managing the surge in online and mobile transactions, as well as how to combat the increase in card-not-present fraud, this blog will focus on how to drive payments revenue and provide an exceptional customer experience.
INETCO Insight - Machine Learning and Risk Scoring for Real-time Payment Fraud Detection and Prevention
Feb 14, 2020 | By INETCO
With The Nilson Report projecting $34.66 billion in global fraud losses by 2022, it is clear that crime syndicates are investing heavily in finding new and more advanced ways of countering the controls organizations are constantly implementing. Financial institutions, retailers, card service providers and acquiring processors are struggling to detect suspicious payment transaction behavior and prevent payment fraud attacks before experiencing major financial loss and customer dissatisfaction.
INETCO Insight Technical Overview - Real-time Data Acquisition, Transaction-level Monitoring and Adaptive Machine Learning Capabilities
Feb 14, 2020 | By INETCO
This whitepaper discusses the INETCO Insight transaction data platform. It reveals how the software's unique data streaming, decoding, semantic correlation and statistical analysis engines can be rapidly configured to monitor any application type - custom, packaged, or industry-specific. INETCO Insight produces a single rich transaction record for every transaction, containing business, application, infrastructure, and network performance information that can be sliced and diced instantly to serve the diverse needs of different members of the IT and business teams.
Banking on ATM Big Data: How to use real-time transaction data to make your operations lean and customers keen
Feb 1, 2020 | By INETCO
While the ATM channel remains a strategic part of a healthy omni-channel banking ecosystem, it is continuously under critical analysis within many financial institutions. The big challenge lies in maintaining ATM fleets as a profitable delivery channel.
Why a Multi-Layered Technology Approach is the Best Choice for Preventing ATM Cash-outs and Cybersecurity Attacks
Feb 1, 2020 | By INETCO
Despite several recent high-profile attacks, ATM cash-out schemes that involve multiple attack vectors over a very large attack surface continue to happen. While traditional fraud system management tools will provide one layer of defense against cash-out attacks, common single point monitoring solutions still run a risk of being compromised.
Jan 1, 2020 | By INETCO
Real-time transaction data has become a fundamental part of managing self-service channels and guaranteeing every interaction completes the way the customer expects. This is why banks, retailers and payment processors all over the globe are investing in powerful end-to-end data acquisition, real-time alerting and open data streaming capabilities.
Dec 10, 2019 | By INETCO
On September 17th, 2019, INETCO Insight 7 was officially launched. Featuring a fraud configuration primed for payment environments, INETCO Insight 7 combines customer transaction data acquisition, configurable rules-based alerting and adaptive machine learning capabilities.
Apr 4, 2019 | By INETCO
Banks that own the transaction layer have an awesome analytics advantage. Capturing a broad spectrum of consumer activity means you can answer key business questions.
Oct 18, 2018 | By INETCO
Join INETCO's Stacy Gorkoff, VP of Marketing and Channel Development as she discusses how to Spice Up Your Omni-channel Strategy with Real-time Data!