Cross-Generation Fraud Insights for Financial Institutions Different generations see money, payments, and risk through very different lenses. For financial institutions, that means fraud exposure doesn’t look the same for older adults, Gen X, millennials, and Gen Z, even when they use the same channels. This overview highlights cross-generation fraud facts you can use in customer … Continued
HIGH POINT, N.C., October 29, 2021 – REDi Enterprise Development Inc., a financial crimes management solutions provider, has announced a partnership with fraud detection software firm Advanced Fraud Solutions (AFS), to deliver an integrated card fraud detection solution to banks and credit unions. The partnership brings together REDi’s analytics and machine learning capabilities with AFS’ … Continued
Advanced Fraud Solutions and Q6 Cyber Reveal Latest Fraud Threats Developing in the dark web. Over the course of numerous widespread data breaches, the amount of compromised account information and PII available on the hidden web has grown exponentially. This alarming trend comes at a risk for financial institutions looking to protect their customers against…
The use of card payments grew in 2018 yet again. As you might expect, as the volumes of card payments have risen, so have the related fraud losses. For this reason, it’s more important than ever for financial institutions to have the proper policies and procedures in place to detect and eliminate debit and credit card fraud, stay in constant communication with their customers and members, and educate them on how they can join in the fight against fraud.
In the world of plastic card fraud, the only constant is change. As payment cards continue to gain market share in the payments space, fraudsters are responding by growing increasingly creative. These criminals will go to great lengths to steal assets from your financial institution and its cardholders. In the past couple of years, there’s been an evolution in card fraud. Here are the top 3 debit and credit card fraud trends and schemes
HIGH POINT, N.C., Jan. 17, 2019 － Advanced Fraud Solutions, a leader in fraud prevention services for financial institutions, and Q6 Cyber, a leading provider of cyber threat anti-fraud intelligence, announced that they have partnered to integrate Q6 data feeds directly into the TrueCards® fraud prevention software platform. TrueCards® is a powerful tool allowing financial … Continued
In 2016 there was $1.3 billion in debit card fraud as reported by the 2017 ABA Deposit Account Fraud Survey. That means debit card fraud accounted for 58% of all fraud types, across all channels, and in every kind of institution. The top three card fraud schemes that took center stage in 2018 have been credit and debit card chip replacement, credit and debit card skimmers and card cracking. Learn what these mean for your card portfolios and how AFS can help you fight card fraud faster.
