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The Consumer’s Role In Battling Fraud

PYMNTS

as Damon Moorer, president and CEO at TCM Bank N.A., Before the liability shift in 2015, the industry-wide prediction was that the onset of EMV would reduce occurrences of counterfeit card fraud in-store, but that the industry should expect to see a spike in card-not-present (CNP) fraud as fraudsters moved to easier targets.

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SEC Charges Former Wells CEO And Bank Head In Fraud Scandal

PYMNTS

13) civilly charged former Wells Fargo CEO John Stumpf and Carrie Tolstedt, ex-head of Wells Fargo’s Community Bank, with allegedly misleading investors in connection with the bank’s unauthorized accounts scandal. Securities and Exchange Commission ( SEC ) on Friday (Nov. Stumpf agreed to settle the charges by paying a $2.5

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The 2015 GonzoBanker Awards

Gonzobanker

Well, what do we say about 2015? And, give or take a stumble or two, we snuck through it and did a reasonable job on 2015 objectives, in our humble opinion. So, it seems we’re good with only one outstanding item—digest the 2015 GonzoBanker Awards! 2015 Executive Call-out. Community bank marketing resources.

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Duly Authorized

Independent Banker

Current best practices in fighting wire fraud. With wire fraud on the rise, community banks have to step up precautions to protect themselves and their customers. Wire fraud incidents nearly doubled to 27 percent in 2014, from 14 percent a year earlier, according to the 2015 AFP Payments Fraud and Control Survey.

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Card Safeguards

Independent Banker

As chip cards become standard, counterfeit card fraud in the U.S. Here are five ways to fight fraud in the wake of the widespread deployment of EMV chip cards. Card-not-present fraud will likely rise, especially online. Both MasterCard and Visa have programs that establish a unique password for online purchases to combat fraud.

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Walking Omnichannel Banking’s Privacy Fine Line

PYMNTS

This investment is well above the industry’s average technology spending, however, which for North American banks totals 17 percent of the total budget and for European banks amounts to 14 percent. Small banks are also making significant digital overhauls.

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A Perfect Storm Of Demand For Real-Time Payments — But Challenges Remain

PYMNTS

Earlier in June, for instance, payment company PayFi and The Clearing House (TCH) partnered to bring real-time payment technologies to community banks. Real-time payments require new or revised fraud detection and prevention capabilities, dispute resolution processes and more education of law enforcement and other authorities.

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