INETCO

Burnaby, Canada
1984
  |  By Chris Best
2023 repeated some familiar payment fraud trends from 2022.There were some shifts in the prevalence of different fraud types, according to data from Verifi. The persistence of phishing remains at the forefront, posing significant challenges for businesses and consumers. Notably, friendly fraud became the second most prevalent fraud seen in 2023.
  |  By Ben Drake
For some, Black Friday conjures images of parasite-infected shoppers running amok in a mall. (Rotten Tomatoes gives the movie a 65% rating). For bargain hunters, it is a whirlwind of unbeatable deals and frenzied shopping sprees. Thanksgiving Day, Black Friday and Cyber Monday are the year’s biggest days for American merchants. The hype has crossed borders.
  |  By Ben Drake
In the rapidly evolving digital landscape, artificial intelligence is a two-sided coin. Fraud protection software, like INETCO BullzAI, harnesses artificial intelligence (AI) technologies to offer fraud protection against financial criminals and cyber attackers. Conversely, fraudsters can weaponize the same technology to steal funds. A prominent example of this connection is synthetic identity fraud. This payment fraud vector often employs AI and deepfakes.
  |  By Ben Drake
Each year, the BC Tech Association celebrates the remarkable achievements of the British Columbia technology community through the Technology Impact Awards (TIA). The Gamechanger – Ambition Award, is a testament to a company’s drive to address significant challenges, lead with conviction, and leverage technology to shape a better future.
  |  By Ben Drake
In the critically acclaimed, Oscar-winning 2019 film Parasite, a family’s cunning scheme to infiltrate a wealthy family’s home is a vivid metaphor for the stealthy and calculated maneuvers of advanced persistent threats (APTs) in the digital realm.
  |  By Ben Drake
In bustling metropolises and rural communities alike, changes in the world of payments are forcing businesses to move at the speed of light. Whether you operate your business from a towering skyscraper or a busy village market, you must deal with dynamic evolutions in digital payments. From instant payments to super apps to embedded finance, businesses are embracing new ways to separate consumers from their money safely.
  |  By Ali Solehdin
Ali Solehdin – Digitaltransactions.net – August 11, 2023 Instances of electronic benefits transfer (EBT) fraud have become more prevalent in the United States as criminals become more brazen and increasingly prey on society’s most vulnerable.
  |  By Ben Drake
Once upon a time, there was a small business owner named Alice, who fought to keep her retail establishment afloat amid the stormy seas of a global pandemic. Like many other merchants, she embraced the digital revolution and moved her store online. This allowed her to reach more customers and keep her business buoyant. Her store, Alice’s Wonderland, offered a vibrant range of local handicrafts that started garnering attention on social media. It was a tale of small business success.
  |  By Ali Solehdin
Ali Solehdin – The Banking Exchange In 2022 alone, the Supplemental Nutrition Assistance Program (SNAP) distributed over $113.9 billion to nearly 22 million households across the United States. This figure represents an increase of over $5 billion from the year prior and nearly a $40 billion increase from 2020. Unfortunately, as the SNAP allocation has increased, criminals — from individuals to organized crime rings — have stolen an increasing share of these benefits.
  |  By Ben Drake
It’s the third day of your long-awaited vacation. While relaxing at the beach, you hear a not particularly welcome chime on your phone (because who takes a vacation from their phone), indicating a new email notification. Your bank notifies you that a significant transaction has been made on your account― a purchase you immediately realize you didn’t authorize. Your heart pounds as you log into your banking app only to find your account empty.
  |  By INETCO
Interested in exploring how Mexico’s largest electronic payments processor consistently secures the end-to-end customer experience while processing more than 13 million credit and debit card transactions each day? We invite you to join Ander Murillo Zohn, Deputy Director of Big Data Technologies at E-Global, and Stacy Gorkoff, VP of Marketing and Channel Development at INETCO, for a 45-minute webinar as they discuss the secret to using real-time data to achieve the best customer experience possible.
  |  By INETCO
Is your ability to detect fraud lagging behind the fraudsters? Thinking real-time is essential to decreasing financial loss, reputational harm and customer friction. In this session, explore new tactics to detect and block suspicious transaction activity in milliseconds.
  |  By INETCO
Is your ability to harness massive volumes of payment transaction intelligence over multiple card rails, customer facing channels, and disparate data stores a challenge? INETCO Insight accelerates digital transformation with a real-time, 360-degree view of all card usage, channel performance and customer behavior to help identify new ways to acquire customers, deliver more value to existing ones, and enhance profitability through faster reporting, better device placement and targeted service offerings.
  |  By INETCO
On September 17th, 2019, INETCO Insight 7 was officially launched. Featuring a fraud configuration primed for payment environments, INETCO Insight 7 combines customer transaction data acquisition, configurable rules-based alerting and adaptive machine learning capabilities.
  |  By INETCO
Banks that own the transaction layer have an awesome analytics advantage. Capturing a broad spectrum of consumer activity means you can answer key business questions.
  |  By INETCO
Join us for this week's Transaction Tuesdays video on operational awareness. With host Marc Borbas, VP or Global Sales at INETCO, learn how real-time data helps banks and FI's run better and avoid costly "glitches".
  |  By INETCO
Don't miss this week's topic... it's a juicy one! Join INETCO's Ugan Naidoo, VP of Engineering and Services, as he discusses how real-time data helps banks and FI's with early warning fraud detection.
  |  By INETCO
Join us today as we taco 'bout how real-time data can help banks and FIs reduce operational costs while delivering an enhanced customer experience at both ATMs and in-person branches.
  |  By INETCO
Join INETCO to learn how real-time data can help banks and FIs lower the cost to serve, yet still offer customers great rewards.
  |  By INETCO
With The Nilson Report projecting $34.66 billion in global fraud losses by 2022, it is clear that crime syndicates are investing heavily in finding new and more advanced ways of countering the controls organizations are constantly implementing. Financial institutions, retailers, card service providers and acquiring processors are struggling to detect suspicious payment transaction behavior and prevent payment fraud attacks before experiencing major financial loss and customer dissatisfaction.
  |  By INETCO
This whitepaper discusses the INETCO Insight transaction data platform. It reveals how the software's unique data streaming, decoding, semantic correlation and statistical analysis engines can be rapidly configured to monitor any application type - custom, packaged, or industry-specific. INETCO Insight produces a single rich transaction record for every transaction, containing business, application, infrastructure, and network performance information that can be sliced and diced instantly to serve the diverse needs of different members of the IT and business teams.
  |  By INETCO
While the ATM channel remains a strategic part of a healthy omni-channel banking ecosystem, it is continuously under critical analysis within many financial institutions. The big challenge lies in maintaining ATM fleets as a profitable delivery channel.
  |  By INETCO
Despite several recent high-profile attacks, ATM cash-out schemes that involve multiple attack vectors over a very large attack surface continue to happen. While traditional fraud system management tools will provide one layer of defense against cash-out attacks, common single point monitoring solutions still run a risk of being compromised.
  |  By INETCO
Real-time transaction data has become a fundamental part of managing self-service channels and guaranteeing every interaction completes the way the customer expects. This is why banks, retailers and payment processors all over the globe are investing in powerful end-to-end data acquisition, real-time alerting and open data streaming capabilities.

INETCO® builds smart technology that makes real-time transaction data workable for customer journey insights, early warning fraud detection and operational performance - across all banking, retail and payment processing environments. Our real-time data platform thrives in self-service and omni-channel ecosystems where timely data collection, organization and visualization is challenging.

Our Products and Services:

  • INETCO Insight® Real-time Transaction Data Platform: Specifically designed for the banking and payments industries, INETCO Insight® provides a real-time, end-to-end view into the performance of every customer transaction. Rich transaction data is captured from the network, with the option to forward decoded message fields to any application of choice. With the power to harness continuous transaction data streams, INETCO Insight customers gain a whole new level of agile performance monitoring and trusted data visualization that results in improved customer experiences, risk mitigation, channel revenue uplift and reduced operational costs.
  • INETCO Analytics® On-demand Data Visualization and Analysis Software: INETCO Analytics® is an application that utilizes real-time transaction data, machine learning and predictive algorithms for analyzing customer engagement and channel profitability. It equips channel managers and data analysts with the intelligence and visual insights they need to better serve existing customers, acquire new ones, and enhance profitability through improved self-service device placement and catered service offerings.

INETCO’s growing Fortune 500 world-class customer base includes over 50 global companies that span the banking, ATM, retail and payment processing industries.