2015 INFORMS Annual Conference
Industry NewsAIMMS signs partnership agreement with BCG
AIMMS BV, an advanced analytics software company, recently announced a new partnership agreement with The Boston Consulting Group (BCG), one of the world’s top management consultancies. The two firms will collaborate on software development, marketing, sales and implementation of AIMMS’ technology platform in order to strengthen their mutual position in the market for strategic consulting and advanced analytic services.Read More
Special ArticlesINFORMS hosts successful healthcare conference
The 2015 INFORMS Healthcare Conference recently held in Nashville, Tenn., was a big success with 125 sessions and more than 500 talks. The conference featured a great combination of academic and practitioner speakers, along with a nice blend of healthcare and analytics professionals. Interesting thought-provoking dialogue was evident from contrasting views of healthcare professionals.Read More
Analytics Section of INFORMS NewsAnalytics Section members wearing ‘CAPs’
The Analytics Section of INFORMS salutes its members who have achieved the Certified Analytics Professional (CAP®) designation. They have measured up to the high standard of the analytics profession that INFORMS’ subject matter experts have determined must be met in order to qualify as a certified professional.Read More
FICO: Counterfeit card fraud falls in Europe
FICO, leading provider of analytics and decision management technology, released its analysis of data showing that major shifts have occurred in European card fraud patterns. Analysis done on 55 million active credit cards represented in the FICO Falcon Fraud Consortium for Europe showed that counterfeit fraud fell 60 percent between March 2009 and March 2011.
FICO’s data also shows that card-not-present fraud accounted for 69 percent of all accounts victimized by fraud and 72 percent of all fraud losses. The top 10 merchant categories accounted for 30 percent of the total fraud losses, led by hotels/lodging, travel agencies and ATMs.
“Our analysis of the data shines a spotlight on the tremendous change that has occurred in Europe's fraud landscape,” says Martin Warwick, FICO’s fraud chief in Europe, the Middle East and Africa. “Chip and PIN technology has radically driven down counterfeit and other forms of ‘card present’ fraud in the U.K., which just three years ago accounted for some 60 percent of Europe’s credit card fraud. In response, criminals are operating across borders, targeting countries such as Germany that have weaker detection and prevention capabilities, and shifting their attention to card-not-present schemes such as online fraud.”
FICO’s data comes from card issuers in Germany, the U.K., Ireland, the Netherlands, Poland, Switzerland and Turkey.