Card fraud

Visa pilots card-not-present security app with MSUFCU

11/17/20

The pilot leverages Keyno’s CVVkey technology that uses a dynamic card verification value 2 (CVV2) code to provide a higher level of security against fraud for online and mobile payments.

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Dimon counsels against bank stock buybacks; Texas banks call off merger

05/27/20

The JPMorgan CEO says the recovery has to start first, and future buybacks won’t be as big as before; Texas Capital Bancshares and Independent Bank blame the coronanvirus market impact.

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Banks reengineer instant debit card issuance amid pandemic

05/21/20

Customers normally receive debit and credit cards inside a branch. Now banks are shifting the process to their drive-throughs and finding alternative ways for cardholders to key in their PINs.

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Coronavirus scams to watch out for

03/11/20

Financial institutions need to alert customers about emails or websites that pretend to offer important COVID-19 information but instead could end up stealing their account numbers or logins.

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U.S. charges four Chinese military members over Equifax hack

02/10/20

The Department of Justice announced charges Monday against four members of China’s People’s Liberation Army for hacking into Equifax Inc., according to Attorney General William Barr.

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CFPB sues Citizens over card fraud claims, but bank pledges to fight

01/30/20

The consumer bureau alleges the Providence, R.I., bank mismanaged billing error claims over a six-year period. Citizens Bank says it is “puzzled and disappointed” by the agency’s action.

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Treasury renews Comerica contract for benefits program hit by fraud

01/07/20

Comerica Bank won another five-year contract from the Treasury Department to run the prepaid Direct Express card program despite criticism of how it handled past fraud cases and customer service blunders.

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What FICO sees through its window into fraud

11/11/19

Doug Clare explains how the organization uses artificial intelligence to spot crime rings and skimmers.

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Fake ID fraud is declining, but small lenders are still vulnerable

10/08/19

Though synthetic identity fraud is down across the industry, there's been an uptake in such attacks targeting credit unions.

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How American Express uses machine learning to detect fraud

09/03/19

Tina Eide, Amex's senior vice president of global fraud, discusses the card issuer's efforts to strengthen its transaction monitoring.

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