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Alabama Tests Selfie Authentication To Fight Tax Fraud

PYMNTS

Identity company MorphoTrust USA looks to put a dent in tax fraud and theft by adding an additional layer of authentication security into the mix. The company recently announced a partnership with the Alabama Department of Revenue (ADR).

Alabama 101
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Alabama credit unions targeted in ATM fraud conspiracy

American Banker

Deposits of Listerhill and Avadian credit union customers were compromised by fraud conspirators, one instance in a rise of card skimming cases across the country.

Alabama 36
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Experts: US House Examines Legislative Actions To Combat Cybercriminals

PYMNTS

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat.

US 227
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Hacker Tracker: DataVisor’s Global Insight Into Online Fraud

PYMNTS

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.

Fraud 112
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Old School, New School: TCU Pairs AI And Outreach To Personalize Members’ Experiences

PYMNTS

Alabama-based digital experience platform provider DeepTarget , for example, released several machine learning (ML) algorithms designed to help CUs and community financial institutions (FIs) boost customer service, process more transactions and open more accounts.

Alabama 228
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Deep Dive: Digital-First Banking’s Challenges And Benefits

PYMNTS

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.

ATM 151
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Wells Fargo Reaches $240M Settlement For Fake Accounts

PYMNTS

The shareholders in the settlement were led by pension plans in Alabama and Colorado, with their lawyers noting that this is largest insurer-funded cash settlement in a U.S. Last May, the bank reached a $480 million settlement related to a securities fraud lawsuit brought on by shareholders over the accounts.