Discover Financial Services said Nov. 18 holders of its cards will begin seeing FICO scores on their card statements. A company executive described the move as a way of helping customers better manage their finances.
A company executive described the move as a way of helping card holders better manage their finances.
Financial transactions are increasingly happening in real time and so are the fraud attacks that naturally follow. To help fight that, CO-OP Financial Services is working this year to continue to move several hundred client credit unions to the real-time version of the widely used Falcon Fraud Manager neural network service...
A new service from FICO will offer credit card issuing credit unions greater and faster flexibility in their card offering and marketing decisions, the firm said.
Soon after FICO announced a new service that will help credit unions' mortgage servicers, among others, predict mortgage defaults, another firm has announced a similar service that will predict default by looking at late fee payments to homeowners associations.
Credit unions servicing a significant number of mortgages might benefit from a new tool to help determine which mortgage holders were at the highest risk for choosing to default, FICO said.
Fico Labs analytics chief says work progressing on identifying people with good credit scores but at risk of walking away from mortgages.
FICO says it has found method for spotting homeowners more likely to default despite their good credit scores.