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5 Ways Your Transaction Monitoring System Can Detect COVID-19 Related Fraud

Abrigo

Key Takeaways COVID-19-related fraud are not new typologies; they just have a new spin. Adjusting your velocity scenarios can help detect money mule scams and check fraud. . COVID-19-related fraud schemes are escalating at an alarming rate. How can your transaction monitoring system detect trending COVID-19 related fraud?

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A Letter to Bank and Credit Union Software Vendors

Gonzobanker

Tell a story about how another client solved a similar problem— Lately, I have been seeing a ton of demos on fraud detection systems. We get it—ID theft and check fraud are nightmares. Please don’t show me seven slides with industry stats on fraud. So many demos use the same script for banks and credit unions.

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Join Our New Online Community to Fight Fraud & Financial Crime

FICO

The challenge for financial institutions of fighting fraud and tackling financial crime has never been greater. Fraud experts need to be armed with the most up-to-date information about the latest industry trends and developments. The new community is driven by some of the finest minds in fraud detection. by TJ Horan.

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Fraud Ideas from FICO World 2022 – and Excitement for 2023!

FICO

Fraud Ideas from FICO World 2022 – and Excitement for 2023! FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Synthetic Identities and Application Fraud. Innovative Customer Communications for Fraud. Tue, 07/02/2019 - 02:45. by TJ Horan.

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PNC Bank demos credit cards with shifting CVV codes to stop fraud

The Paypers

(The Paypers) US-based PNC Bank has announced testing credit cards with constantly changing card verification values (or CVVs) to reduce online credit card fraud.

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The Future of Digital Payments: Queen City FinTech Demo Day

Let's Talk Payments

On June 1, 2016, the Queen City FinTech Demo Day took place at the Fillmore in Charlotte, NC and gave area industry experts the forum to discuss the latest trends.

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Real-Time Payments Fraud: Can Elephants Learn to Dance?

FICO

In the world of fraud detection, radically flexible enterprise-class platforms give large institutions the agility to fight fraud in the real-time payment types they’re spinning up to compete with fintechs. In this environment, speed to market is critical, placing banks in a triple bind between innovation, compliance and fraud.

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