Fraud prevention

Could blockchain tech help prevent bank fraud?

03/21/18

Employees at the second-largest Indian bank falsified documents in a scheme that ultimately cost the institution at least $2 billion. Some argue a distributed ledger would have helped prevent or minimize the fraud.

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Going more digital? Expect more fraud

03/01/18

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.

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Banks, retailers point fingers as lawmakers revisit data security bill

02/28/18

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.

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How this digital-only bank lowers risk of sign-up fraud

02/27/18

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

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Ex-BofA employee's court victory puts all banks on notice

02/14/18

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

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Zelle’s anti-fraud efforts trip up key group: Its users

01/17/18

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 rigorous enrollment process.

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Financial services trades press Congress on data security standards

12/21/17

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.

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Breaking Banks: Faster payments with fintech

08/03/17

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

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Would consumers pay $13 a year for a safer debit card?

06/21/17

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

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Subprime auto lenders put on notice over ties to shady dealers

04/21/17

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.

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