So, it is more and more complicated to combat this risk that threatens the entire payments industry; henceforth evolving with new payments methods such as chip and PIN, mobile payments and immediate payments.
Nowadays, organizations need real-time capabilities toaccurately detect fraud at scale and speed; to implement countermeasures quickly, with more control and transparency, and the streamlined capabilities to dramatically lower false positives.
Connectikpeople also talks about abilities to respond to newly identified fraud patterns by deploying new countermeasures in opportune time without taking down the system.
IBM has acquired IRIS Analytics, a privately held company specializing in real-time analytics to help combat payment fraud.
Connectikpeople salutes this momentum t…