Banking Apps Shun Geolocation Data; Why Fraud Risks Could Follow
PYMNTS
DECEMBER 7, 2020
Given the importance of banking, the growing prevalence of online banking and the inherent confidentiality of banking-related personal data, he said he sees the failure to use geolocation — a common but high-value fraud deterrent — as inexplicable. “I What I've heard multiple times is, ‘Why did [the bank] think I was in Detroit?
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