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FedNow fraud prevention for credit unions: A guide for AML, fraud teams

Abrigo

FedNow supporters envision many ways to use it for more efficient and more accessible business and financial transactions. For example, an ATM scheme that operated through July 2023 targeted credit unions in six states, stealing nearly $6 million. According to news reports, one credit union alone had more than $1.7

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Inside The Fight For Digital Driver’s Licenses

PYMNTS

Biometric digital identity verification solutions are becoming more and more commonplace thanks to their implementation in everyday devices like smartphones and fitness wearables. Banks are working on new biometric security solutions in response to this trend in customer preference. About the Tracker.

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2023 Fraud trends: What banks and credit unions can expect

Abrigo

You might also like this resource: "BSA/AML Risk Assessment Checklist." Takeaway 1 Many typologies exacerbated by the pandemic continue to provide criminals success, and more complex schemes are surfacing. According to the latest data from the Federal Trade Commission , consumers lost more than $5.8 DOWNLOAD .

Fraud 195
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Digitizing Secure Remote Work and Trusted Workplace

Cisco

Ways to leverage IoT sensors, and networking & security solutions for remote work & branch ATMs. Secure and compliant remote work enablement. Safe collaboration across your distributed locations and dispersed workforce. IDC indicates spending on transformation is expected to accelerate in 2021 and beyond.

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Real Innovation Solves Today’s Problems, Not Tomorrow’s

PYMNTS

If not, you probably will soon, since it just teamed up with 7-Eleven to bring surcharge-free ATM access to 8,000 of the convenience chain’s retail locations. MoneyPass, a network of Elan Financial Services , provides ATM and debit card processing solutions for financial institutions, Independent Sales Organizations (ISOs) and retailers.

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Pandemic: No Problem. And Messages From Our Financial Services Providers

Jeff For Banks

Perhaps your pandemic response team would be interested. We have proactively taken steps to make sure that our associates are safe, our call centers staffed, and our processing teams are able to function. To help you stay healthy and take care of yourself we are sharing some useful third-party resources. Not hoarding.

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15 Minutes With—Candace Jones

Independent Banker

Security Officer and Appraisal Compliance Coordinator Manager. IB: What does your job as a security officer for The First National Bank and Trust entail? I am responsible for researching, developing, implementing, administering, documenting, testing and monitoring an effective, institution-wide security program.

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