EMV chips made credit and debit cards safer, but unfortunately, the built-in security of these cards is only useful for in-person transactions. Because of that, fraud related to card-not-present (CNP) transactions has increased substantially over ... Read More »
In , a man reprogrammed an ATM to make it dispense $20 bills instead of $5 bills. He got the instruction manual online. Eight years later, most ATMs were no longer dispensing $5 bills, but ... Read More »
According to the Bureau of Justice Statistics, seven percent of Americans over the age of 16 face at least one incidence of identity theft every year. That means that over a five-year period, over 35 ... Read More »
While many businesses are scrambling around trying to figure out how to get rid of their file cabinets and replace them with digital records, banks are going a step further. Brick-and-mortar banks and credit unions ... Read More »
You may already know that automated signature verification is a tool that automatically verifies signatures to protect against forgery and fraud. But, do you know how this process works or why it's beneficial to you ... Read More »
If one of your customers gets their bank card, checkbook, or account details stolen, a thief may make purchases or draw money out of the account. Legally, you have to absorb some of these costs, ... Read More »
In many cases, your customers are the gateway through which scammers target your bank. As a result, when you educate your clients, you protect your entire enterprise. To safeguard your financial institution, you may want ... Read More »
Examining checks manually takes a lot of time and effort, but thanks to automated check image analysis, you no longer have to worry about that wasted time or money. Wondering how it works? Here's a ... Read More »
In 2015, a bank teller in White Plains, New York was at the helm of a group that stole $850,000 from multiple bank accounts. Two Chase bankers in Brooklyn took almost $400,000 from customer accounts, ... Read More »
Banking can be a competitive industry where you're always contending with the bank on the other side of town or even on the other side of the country. However, when it comes to fraud, banks ... Read More »