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Foresight Score was a game changer for us – truly transformational. We reduced our market share of fraud and could finally get our heads up and begin innovating again.
TSYS is a Global Payments company (NYSE: GPN) and a leading provider of seamless, secure and innovative solutions for payment card issuers, financial institutions and retail companies in approximately 80 countries worldwide.
TSYS succeeds by putting people and their needs at the heart of every decision to help them unlock payment possibilities. Continuing this mission is the catalyst that steered TSYS to partner with Featurespace to develop and implement a machine learning, transactional fraud scoring system fit for the future.
The TSYS Foresight Score℠ is built with Featurespace’s proprietary Adaptive Behavioral Analytics engine at its core and combines statistical algorithms with advanced machine learning, that monitors individual transactions — one customer at a time — to deliver real-time decision capabilities.
For every genuine fraud attack, only 3 customer transactions were interrupted.
And for every genuine fraud attack identified in a digital transaction, only 6 customer transactions were interrupted.
Featurespace’s Adaptive Behavioral Analytics enabled simultaneous false positive reduction and increased
accurate fraud detection.