American Banker

JULY 2, 2020

Axcess Financial is using stronger authentication, studying up on bad actors and planning to use a federal service that automates verification of Social Security numbers.

Fraud 56

Fraud Study Security Banking 2020 56

Banking 2020

NOVEMBER 24, 2015

First the good news – banks in Britain stopped nearly £1 billion in attempted fraud in the first six months of 2015. Banks prevented £7 in every £10 of attempted fraud, according to Financial Fraud Action (FFA) UK, which reports that losses on payment cards, online and telephone banking and cheques totalled £325.3

Fraud 40

Fraud Cards Cyber Security System 40

Banking 2020

OCTOBER 14, 2015

Social network analysis for fraud detection is becoming an increasingly important and useful tool. As payment fraud continues to rise, particularly in the card-not-present (CNP) space, this approach is proving an effective fraud detection technique. Traditional methods for detecting fraud involve a silo approach.

Analysis 40

Analysis Fraud Payments Case Study 40

Banking 2020

SEPTEMBER 15, 2015

UK case study. In the UK, the scheme was launched nearly seven years ago back in May 2008, and in the years following there was a surge in online banking fraud. After receding, online banking fraud losses jumped again last year to reach more than £60 million. Losses went from £22.6 million in 2007 to £52.2m

Fraud 40

Fraud Payments St. Louis Security 40

Banking 2020

AUGUST 27, 2015

The US has been identified as the leading country for card fraud, after a new study revealed almost half of global losses to the crime last year occurred in the nation. In the US, fraud losses equated to 12.75c for every $100 spent in 2014. billion in 2020. This is according to The Nilson Report, which found 48.2

Fraud 40

Fraud US Cards National 40

Banking 2020

DECEMBER 8, 2015

Mexico’s consumers are being hit by payment fraud losses, but they are prepared to do something about it. Fraud rises. In its latest country report on Mexico, The Paypers notes that consumers are exposed to fraud and are looking to their providers to tackle the problem. million cases of suspected fraud involving MXN 7.3

Fraud 40

Fraud Cards Online Strategy 40

PYMNTS

MAY 16, 2016

While Lending Club generally focuses its services on consumers, the implications of Laplanche’s resignation have echoed throughout the SME lending space as well and could see a further decline in banks backing small business loans offered through marketplace platforms. 65% of U.K.

Fintech 108

Fintech Lending Fraud Cards 108