"We're aiming for significantly increased purchase usage among our debit cardholders. Our success will depend largely on our ability to assure customers that they can use their cards, both online and in stores, to make purchases in an easy, safe, and secure manner," said Emmanuel Narciso, executive vice president for consumer lending at BDO. "With FICO Falcon Fraud Manager, we can accomplish both and give our customers what other banks can't."
"By building its debit card program upon the industry's most advanced fraud detection solution, BDO is backing its commitment to protect its customers so they can safely enjoy the convenience of their debit cards, just as they do their credit cards," said Dan McConaghy, president for FICO in Asia Pacific. "This is the key to profitable growth and among the reasons why BDO remains a leader in the Philippines."
FICO fraud solutions help banks around the world manage their enterprise fraud challenges. FICO® Falcon® Fraud Manager, the world's leading card fraud management solution, protects more than 2.5 billion payment cards worldwide. FICO currently works with eight of the top ten banks in the Philippines to mitigate fraud risk, manage credit risk, and grow their portfolios profitably.
BDO is a full-service universal bank that provides a complete array of industry-leading products and services to the retail and corporate markets, including lending (corporate, middle market, SME, and consumer), deposit-taking, foreign exchange, brokering, trust and investments, credit cards, corporate cash management, and remittances. Through its subsidiaries, the bank offers leasing and financing, investment banking, private banking, bancassurance, insurance brokerage, and stock brokerage services.
BDO has one of the largest distribution networks in the Philippines, with more than 800 operating branches and over 2,200 ATMs nationwide as of end 2013. For more information, please visit www.bdo.com.ph.
FICO (NYSE: FICO) is a leading analytics software company, helping businesses in 80+ countries make better decisions that drive higher levels of growth, profitability and customer satisfaction. The company's groundbreaking use of Big Data and mathematical algorithms to predict consumer behavior has transformed entire industries. FICO provides analytics software and tools used across multiple industries to manage risk, fight fraud, build more profitable customer relationships, optimize operations and meet strict government regulations. Many of our products reach industry-wide adoption. These include the FICO® Score, the standard measure of consumer credit risk in the United States. FICO solutions leverage open-source standards and cloud computing to maximize flexibility, speed deployment and reduce costs. The company also helps millions of people manage their personal credit health. FICO: Make every decision count™. Learn more at www.fico.com.
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