Even in the digital age, customers still use their signatures as a primary form of authentication for a range of transactions. Their signatures authorize checks, new account paperwork, loan documents, and more, and to minimize ... Read More »
Perhaps one of the most common types of check fraud, check kiting involves writing a check from an empty account to create the illusion of a balance in another account and then withdrawing the funds ... Read More »
In 2018, banks lost $3.4 billion to new account fraud. This is when scam artists open new accounts to draft checks or spend money from lines of credit with no intention of repaying the funds ... Read More »
With payee positive pay, your commercial clients can give you a file of the checks they issue, and when you receive checks drawn on their accounts, you can compare them to the information in the ... Read More »
How Consumer Opinions Should Shape Your Approach to Data Acquisition and Security According to 70% of financial firm executives, privacy concerns are a key material risk. To protect your financial institution, you need to be ... Read More »
Today's consumers can pull up Amazon on their phones and order exactly what they want with a single click. When they sign in to Netflix, they get viewing suggestions tailored to their preferences that they ... Read More »
As the coronavirus has worked its way around the world, bank fraud has been growing at a faster rate than usual. Is your financial institution taking adequate steps to protect itself or are you inadvertently ... Read More »
COVID-19 has wreaked havoc on retail banking. If you run a bank, you're undoubtedly dealing with the challenges of keeping in-person services available in the age of social distancing, managing revenue in the face of ... Read More »
When considering how to effectively authenticate your customers when they sign into their accounts, the focus naturally goes to methodology, but to ensure you're using the best authentication methods possible, you also need to consider ... Read More »
Since the beginning of the COVID-19 pandemic, mobile banking platforms have experienced a 50% surge in use. This shift is likely to have positive long-term implications and savings as banks gain the ability to serve ... Read More »