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Posts tagged with "Fraud"

01/08/2019

Check and Fraud: Unique Insight at DX19

At Deluxe Exchange 2019, held Feb. 4-6 in Miami, you’ll glean wisdom and insights from global visionaries, access targeted sessions that address your most pressing pain points, form significant connections with financial industry peers, and experience new product demos that will impact the way you approach business. We’ve built nearly two full days of engaging,…

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11/21/2018

The Fed’s Fraud Study Reveals the Expected and Unexpected

The high-level trends in payment fraud are easy enough for industry professionals to surmise. Card fraud- both credit and debit- is on the rise, particularly in the fast-growing e-commerce channel. Nonetheless, the Federal Reserve’s newly issued fraud study is packed with valuable information. Its data-driven analysis confirms and quantifies some commonly held beliefs, and uncovers…

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01/18/2018

Can You Spot a Synthetic ID? The $6 Billion Mistake in Banking

By Laura Bruck, EZShield New research from the Auriemma Consulting Group (ACG) paints a bleak picture of the state of synthetic identity theft and its hit to the banking industry. Synthetic identity theft cost banks $6 billion in 2016. Five percent of charged-off accounts and up to 20 percent of credit losses are thought to…

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10/01/2017

Rebuilding Bank Customer Trust After Fraud: Resolution is as Important as Prevention

Fraud continues to grow, and consumers know it. In fact, they’re downright afraid of the prospect of fraud and identity theft. When fraud occurs, bank customers want to know who’s responsible. If they can’t assign blame elsewhere, they’re likely to hold their financial institution responsible and switch banks because of the fraud, a new study…

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08/18/2017

The Beauty — and Profitability — of Offering a Second Chance to Unbanked and Underbanked Consumers

Would we have the iPhone today if Steve Jobs hadn’t gotten a second chance at running Apple? If Milton Hershey hadn’t gotten a third chance after founding two failed companies, would we have the Hershey’s Kiss? Everyone, at least once in their lives, wishes for a second chance. When people get a second chance, they…

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05/12/2017

Rebuilding Bank Customer Trust After Fraud

Fraud continues to grow, and consumers know it. In fact, they’re downright afraid of the prospect of fraud and identity theft. When it occurs, bank customers want to know who’s responsible. If they can’t assign blame elsewhere, they’re likely to hold their financial institution responsible and switch banks, a new study from Carnegie Mellon University…

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02/23/2017

Public Information Threatens Your Business Security

By John Burcham, EZShield Is your business more public than you think? In this overwhelmingly information-rich world, the answer is a definite yes. And if it’s public information, it has every legal right to carry on. Among social media platforms, review sites, consumer blogs, industry forums and business search databases, there’s a good chance that…

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