American Banker
OCTOBER 23, 2023
The Alabama bank reported that check fraud resulted in operational losses of $135 million between April and September, including $53 million last quarter. The entire banking industry has been beset by higher levels of check fraud since the start of the COVID-19 pandemic.
PYMNTS
APRIL 14, 2017
While the fraud ecosystem continues to rapidly develop and advance, big data may prove itself to be a strong weapon in combatting fraud. With that thought in mind, DataVisor set off on a mission to utilize harness and analyze that could potentially detect fraud and protect billions of users around the world.
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PYMNTS
MARCH 3, 2020
Digital-first transformations can improve personalization and operating efficiencies, but they also bring challenges, including adoption-related costs and new avenues for fraud. Alabama-based Regions Bank deployed advanced ATMs as part of its digital push, replacing human tellers at many of its drive-thrus. million.
PYMNTS
JULY 2, 2018
As noted last week, some regulators, spanning the United Kingdom, North America and Asia, are seeking those exemptions as they contend that the General Data Protection Regulation ( GDPR ) could stymie cross-border law enforcement actions that focus on fraud and manipulations of markets.
PYMNTS
AUGUST 23, 2018
In a press release , the restaurant chain operator said it was notified on August 16, 2018, by federal authorities that a legacy point-of-sale system for some of its Cheddar’s Scratch Kitchen restaurants, a brand acquired by Darden last year, may have been compromised via a hack that involves restaurants in 23 states.
PYMNTS
MARCH 2, 2020
BBVA USA , the Alabama-based subsidiary of Spanish multinational FI Banco Bilbao Vizcaya Argentaria and the 30th largest bank in the U.S., Banking operations have traditionally involved tedious clerical work, with uncaught errors having vast ramifications. is currently undergoing a major digital transformation.
PYMNTS
NOVEMBER 14, 2019
Birmingham, Alabama-based Regions Bank is one such bank that is taking a digital-first approach as it seeks to remain competitive. The advanced VTMs enable improved operating efficiencies for the bank in addition to customer-facing benefits. Another constant challenge is the ever-looming shadow of fraud, according to Bradley.
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