address verification Archives

Fraudsters are on a Feeding Frenzy

With plenty of stolen data and incredible technology available on the dark web, even the greenest of criminals can fool traditional identity verification and risk-screening

Visualization Becoming More Important in Understanding Organized Fraud

While graph theory applications have been in the market for many years, they are gaining popularity because fraud rings are larger, more complex, and more

Could Email Be the Fraudster’s Achilles Heel?

Fraudsters can open dozens of fraudulent accounts per day while sitting on a beach in Bermuda.

SEEK Technology: When You Have the Need for Speed

“I feel the need – the need for speed,” Tom Cruise’s Maverick famously said in “Top Gun.” But while he was referring to piloting a

Insights and Takeaways from Money2020

I’ve attended several excellent in-person industry conferences over the past few weeks, but none of them delivered the size and scope of Money20/20, fintech’s largest

Could New USPS Service Standards Affect Account Takeover Rates?

Only time will tell how or whether the new USPS standards will impact account takeover rates.

Stopping Digital Identity Fraud Requires a Multi-layered Detection Approach

It’s an age-old story: If burglars find your front door deadbolted, they’re going to look for an unlocked window. Just like brick-and-mortar criminals, identity thieves

Founder Elliott Asks: Is it Time to Relegate Address Verification Letters to the Trash Heaps of History?

In a recent article for Great Lakes Banker, Adam Elliott, Founder and President of Kevari writes, “As you’re assessing opportunities to embrace modern technology and

Still Mailing Address-Change Letters? You Can’t Be Serious!

While much of regulatory compliance is now achieved with the help of efficient automated systems, financial institutions still have processes that have not benefited from modern technology. These relics from the past are a drag on the bottom line; they are paper-intensive, inefficient, and expensive.

One such relic is the process by which financial institutions are verifying customer/member address changes to comply with The FACT Act Section 114B. Instead of using cost-effective analytics software solutions as the law allows, institutions are printing and mailing letters at a cost of about $1 per address change.

Podcast: Address-Change Verification Does Not Have to Grow on Trees or Cost So Much

A digital approach to verifying address, phone number, and email changes is more efficient, cost effective, and better at reducing fraud losses in today’s digital banking environment. There’s never been a more perfect time for financial institutions to retire those antiquated address-change letters.

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