News Topic: Fraud prevention

Financial companies that derive most of their revenue from online and mobile channels have substantially higher fraud costs than do similarly sized companies that rely less on the Internet, according to a new report. ... Read full article

Financial institutions and retail companies are trading barbs over which industry poses greater risk to sensitive customer information just as lawmakers are planning to take another stab at a data security bill. ... Read full article

Aspiration Bank relies on software tools to pull data from diverse sources to prevent fraud in account applications. ... Read full article

A small legal case in California brings a warning to banks: be careful who you report for fraud. ... Read full article

The P-to-P payments service promises to clear transactions in near-real time, but many consumers have complained that they have been unable access their money or even open accounts. Zelle has acknowledged the delays and says they are a result of its ... Read full article

Seven trade associations — including those representing banks and credit unions — sent a joint letter to Congress outlining data security standards for entities that handle financial data. ... Read full article

Push Payments' Travis Dulaney discusses the Fed task force report; Brian Roemmele talks voice pay. ... Read full article

U.S. banks face a tricky calculus in deciding whether to adopt expensive technology aimed at reducing online fraud. ... Read full article

A $26 million settlement by Santander Consumer is shining a light on the hard-to-measure problem of auto dealer fraud, while also raising questions about the adequacy of lenders' efforts to combat bad behavior. ... Read full article