IBM Software Fights Financial Fraud At MoneyGram

In the first week after MoneyGram International implemented IBM software, called Identity Insight, to detect and prevent fraudulent transactions, the program stopped $1 million in fraud. Over the course of its first year of operations, it stopped $60 million in fraudulent transactions. The service allows users to send money almost anywhere in the world and to pay bills. It has a global network of more than 310,000 agent locations - including retailers, international post offices and financial in...