PYMNTS

NOVEMBER 19, 2019

The credit cycle will turn, and you’ll have a generation of credit risk managers who’ve not been through a recession yet. “The economic consensus is that we are not going to get much better than now,” Geeslin said, joining those voices that are predicting an economic slowdown.

Credit Cards 56

Credit Cards Credit Union Identity Theft Card Issuer 56

PYMNTS

DECEMBER 23, 2019

In synthetic identity theft, she explained, the fraudster is still pretending to be someone they are not, but the difference is that they aren’t so much imitating an existing person as creating one. The fraudster uses those cards, pays the bills on time, applies for higher credit limits and gets a bank account.

Social Security 52

Social Security Identity Theft Wire Transfer Security 52

FICO

SEPTEMBER 18, 2018

Andy: Credit risk is the bigger player in account originations. The overall question the organization is asking is ‘should we extend credit to this(these) individual(s)?'. To answer that, there are more underlying questions: Does the application meet with credit policy - do we think they can afford to repay?

Fraud Detection 51

Fraud Detection Best Practices Checks Automation 51

FICO

MAY 19, 2021

In contrast, first-party fraud often masquerades as a credit risk problem; delinquent accounts are sent to collections for a progression of treatment. Cross-border fraud is also exacerbated in the UK, EU and Middle East by a lack of cross-border credit bureau facilities. Is First-Party Fraud a Credit Risk Problem?

Cross-Border 52

Cross-Border Crime Credential Money Laundering 52

FICO

MAY 19, 2021

In contrast, first-party fraud often masquerades as a credit risk problem; delinquent accounts are sent to collections for a progression of treatment. Cross-border fraud is also exacerbated in the UK, EU and Middle East by a lack of cross-border credit bureau facilities. How to Get Ahead of First-Party Fraud. by Matt Cox.

Cross-Border 52

Cross-Border Crime Money Laundering Credential 52

PYMNTS

JUNE 1, 2016

It’s also the basis for how Mike Cook, CEO & Founder of XOR Data Exchange, is using data aggregation to manage SMB credit risk, fight fraud and put consumers back in control of their identity. Asking for permission is something our mothers taught us from Day 1.

Compromise 40

Compromise Privacy Risk Assessment Breach 40

FICO

SEPTEMBER 20, 2018

Andy: Credit risk is the bigger player in account originations. The overall question the organization is asking is ‘Should we extend credit to this(these) individual(s)?'. To answer that, there are more underlying questions: Does the application meet with credit policy - do we think they can afford to repay?

Fraud Detection 45

Fraud Detection Best Practices Checks Automation 45

EBizCharge

APRIL 26, 2024

This helps to reduce the average collection period and minimize the risk of late or delinquent payments. Conduct credit risk assessments: Credit risk assessments involve analyzing factors such as the client’s financial stability, payment history, and credit score.

Accounts 52

Accounts Best Practices Disputes Procedures 52

FICO

FEBRUARY 13, 2020

How can you stop the zombie synthetic identity apocalypse? Liz gives tips to help combat this problem such as layering your fraud controls, fight identity fraud across the customer lifecycle, and address the continuum of credit risk and fraud. Read the full post. What Is Telecom Subscription Fraud?

Money Laundering 52

Money Laundering Posting Financial Crimes Crime 52

FICO

FEBRUARY 9, 2017

The company’s mobile app (now branded as Prosper Daily) allows consumers to monitor their credit and debit card transactions for unauthorized charges or other signs of fraud or identity theft. Alex Johnson is a senior thought-leader for FICO's credit risk lifecycle solutions . The app, which had approximately 1.3

Online and Mobile Banking 40

Online and Mobile Banking Non-Bank Card Issuer Identity Theft 40

PYMNTS

MARCH 27, 2020

They incorporate disparate elements of real identities so they look more realistic, too, such as a Social Security number from one victim and the address of another. Synthetic identity application fraud leaves no identity theft victim for banks to contact, making it difficult to recognize the deceit until it is too late.

Identity Theft 83

Identity Theft Technology Authentication Credit Cards 83

FICO

MAY 17, 2019

Next followed a surge in account takeover and identity theft as data breaches make personally identifying information a commodity on the Dark Web. Address the continuum of credit risk and fraud. As the years passed by, fraud evolved to target lower hanging fruit (as it always does).

FBI 75

FBI Credit Risk Identity Theft Law Enforcement 75

PYMNTS

MARCH 30, 2020

AI and ML are especially adept at identifying synthetic fraud because traditional warning signs, like credit risk, can be unreliable for such schemes,” the report states. But FIs, merchants and their solutions partners have powerful new tools at their disposal. “AI

Identity Theft 52

Identity Theft AI Cybersecurity Credential 52