Tag: payment fraud

IBM acquires real-time analytics firm to combat payment fraud

IBM acquires real-time analytics firm to combat payment fraud

Written by on January 15, 2016 in Billing & Payments, News with 0 Comments

IBM has acquired IRIS Analytics, a privately held company specializing in real-time analytics to help combat payment fraud. Only 16 percent of banks polled in a recent global IBM Institute of Business Value study could detect fraud as it is attempted. Once new schemes were identified and confirmed, it is estimated that countermeasures typically require over four weeks to […]

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