identity fraud Archives - Page 5 of 6

Account takeover schemes are rarely limited to physical address alone

When the Federal Trade Commission made a public request for comment regarding the 2007 Red Flags Rule, the American Bankers Association and Attorneys General from

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.

Detect ATO by Scrutinizing Non-Monetary Transactions in Real Time

Our bank clients use impressive fintech solutions to identify fraud attempts when money is changing hands. They also understand the importance of scrutinizing non-monetary transactions,

Kevari Launches Financial Institution Fraud Investigation Network^(SM)

Kevari, a Minneapolis-based national leader in developing solutions to prevent account takeover and new-account fraud, announced today that it is applying its award-winning fraud-mitigation technology to launch the Fraud Investigation Network SM, creating the unprecedented level of industry collaboration needed to detect and shut down fraud rings and schemes that target financial institutions.

Tag: identity fraud

Account takeover schemes are rarely limited to physical address alone

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

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

Detect ATO by Scrutinizing Non-Monetary Transactions in Real Time

Kevari Launches Financial Institution Fraud Investigation Network^(SM)

Podcast: Machine Learning is Fortification in the Battle Against Identity Fraud

Podcast: A New Collaborative Way to Stop Account Takeover and New-Account Fraud

Podcast: The Dash to Digital Account Opening

Kevari Makes the 2020 Inc. 5000

CTO Sudheer Prem Marks 10 Years with Kevari

Welcome to Kevari!

CLICK HERE to read more about Kevari.