With the holiday shopping season fast approaching, once again I read in the news from Mitchell D. Weiss, Credit.com on November 2, 2014 how consumer fear of credit card fraud now tops terrorism.
And from the banking analytics blog from FICO, I read about the four essentials for fraud detection
- Fraud detection in real time.
- Efficient rules engine.
Why aren’t more banks and retail operations thinking about this? And with IBM System z, the whole package of essentials is right there! System z and its suite of products can integrate your customers’ transactions with analytics – all in real time! And it’s FAST because all of the operational analytics on System z take place at banking transaction speeds.
Watch the extended version of my demonstration featuring IBM System z – Integrating Transactions and Analytics. This one demonstrates real-time fraud detection in the banking environment as it pertains to you debit and credit cards, but it can easily also pertain to store credit cards: