Comments
The Role of Big Data in Monitoring Real-Time Payments Fraud
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Byurcan
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Byurcan,
User Rank: Author
9/15/2014 | 9:26:56 AM
Re: Behavioral and Predictive Analytics
Very true Mike, it will be inetresting tos ee how this space evolves.
MikeUrban
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MikeUrban,
User Rank: Apprentice
9/11/2014 | 6:58:33 PM
Re: Behavioral and Predictive Analytics
Fire is a great example!  Everyone is talking about Apple and how it is impacting PayPal - Amazon can take the picture of the product, find it in their system, pay and ship it ...  The e-wallets still use the payment card rails for the most part.
Byurcan
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Byurcan,
User Rank: Author
9/8/2014 | 10:38:11 PM
Re: Behavioral and Predictive Analytics
Yes, many people say that Apple getting into the game will really push mobile payments to the next level. But speaking of companies leveraging their existing customer for mobile payments, I think the fire phone has just as much potential, since Amazon has hundreds of millions of customers who alreay are comfortable making payments in that ecosystem.
MikeUrban
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MikeUrban,
User Rank: Apprentice
9/8/2014 | 7:20:52 PM
Re: Behavioral and Predictive Analytics
Costs of data management, aggregation, people to analyze the data and create analytics ...   It is an investment; Moore's law does help us a bit here, as well as open source software like R.  The question becomes what is the cost of not doing it?  Eventually it will become a part of doing business – just like the internet in the mid 90's ...   Big data is an investment area and we are only scratching the surface of its value today.  It will transform our future in ways we don't understand today.  Exciting stuff! 
MikeUrban
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MikeUrban,
User Rank: Apprentice
9/8/2014 | 7:11:45 PM
Re: Behavioral and Predictive Analytics
You and a lot of other people... Cash won't disappear in our lifetimes. There are lots of good use cases for it. What will truly make mobile or any other form of payment is the convenience. We are creatures of convenience and that is what drives our actions. Make it convenient and people will follow.
MikeUrban
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MikeUrban,
User Rank: Apprentice
9/8/2014 | 7:07:42 PM
Re: Behavioral and Predictive Analytics
Hi Becca,

Agree there is a lot of excitement about mobile these days.  Lots of people are already using their mobile devices for shopping today – so convenient.  Will be interesting to see what Apple announces this week and how they impact the market economics by leveraging all of those iTunes accounts ...

 
Kelly22
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Kelly22,
User Rank: Author
9/3/2014 | 1:28:47 PM
Re: Behavioral and Predictive Analytics
You may be right, that could be just the thing that kick-starts mobile payment adoption among consumers. I'd be a bit nervous to be in the first group that tries it, but if it proves to be secure I'd consider giving it a try.
Byurcan
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Byurcan,
User Rank: Author
9/3/2014 | 9:02:54 AM
Re: Behavioral and Predictive Analytics
I'll be sticking with the most secure channel of all, cold hard cash. No fancy mobile payments for me.
Becca L
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Becca L,
User Rank: Author
8/31/2014 | 8:08:49 PM
Re: Behavioral and Predictive Analytics
As more more big data techmniques and tools are used to ID users to prevent fraud, does the cost of security not rise dramatically? As you say, Jon, the landscape is changing so fast it must be a nightmare to plan and budget security initiatives.
Becca L
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Becca L,
User Rank: Author
8/31/2014 | 8:03:56 PM
Re: Behavioral and Predictive Analytics
Apple just partnered with Visa, mastercard, and american express to turn the next iphone (can't wait!) into a mobile wallet with near-field communication -  maybe this will be the tipping point for popularizing new mobile payments, and IT is running out of time to secure these channels.

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