SINGAPORE - Month Date, 2013 - FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced that the Philippines' largest bank, BDO Unibank (PSE: BDO), has selected FICO(r) Falcon(r) Fraud Manager to help detect and reduce debit card fraud. The decision will support the bank's strategy to introduce internet purchases (card not present transactions) and protect ATM transactions for its entire customer base of more than 15 million.

The Philippines has seen a rise in payment card fraud over the last two years, coinciding with the rapid growth of card adoption and usage. As a result, banks are cautious about growing their card portfolios too quickly without effective fraud controls in place. Earlier this year, BDO implemented FICO Falcon Fraud Manager for its credit card business, and is now extending a comparable level of protection to its debit card users. The FICO solution's advanced neural networks analyze thousands of cardholder account transactions against fraud profiles in real-time to detect fraud. 

"Our goal is to be the retail bank of choice in the Philippines. Part of our success will depend on our ability to allow our customers to increase their use of cards, both online and in stores, while ensuring that these transactions are safe and secure," 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 fully 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(r) Falcon(r) 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. 

About BDO

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 740 operating branches and over 1,600 ATMs nationwide. For more information, please visit www.bdo.com.ph.