real-time payments
Payment fraud prevention at a national payment switch
France has a long history as a pioneer in payment fraud prevention. It was the only nation that introduced Chip and PIN countrywide in 1992 [1]. This action made France the first all-smartcard country. And it reduced fraud in France to almost zero overnight. For decades. But criminals became more sophisticated and fraud losses returned. […]
How high-tech AI is helping stop real-time payment fraud
The New Payments Platform (NPP) opened up an opportunity for Indue to reinvent our financial crimes service due to the potential increased risk with NPP over traditional channels. Our relationship with the IBM Safer Payments solution has resulted in the following benefits: Lower false positive rates by 20% improvement ability to make rule changes 90% faster […]