The ways banks confirm your identity have evolved to rely more heavily on digital identity verification – creating opportunities for criminals and incentives to improve security and fraud detection.
New account fraud, which may occur during digital account openings, is a growing threat that can harm financial institutions and their customers.
Hear about the evolving fraud landscape, the Federal Reserve’s payment security initiatives, as well as tools and resources in this on-demand webinar.
Newly released toolkits on scams and check fraud mitigation support education and increase awareness, enabling the payments industry to better identify and fight these prevalent forms of fraud.
The model’s expanding global adoption represents progress in building a more fraud-aware, resilient and connected payments ecosystem.
Three bank regulatory agencies request comment on potential actions to help mitigate risk of payments and check fraud.
The Federal Reserve engaged on innovations and trends that are transforming the payments industry this spring.
Individuals can be deceived or manipulated with fraudulent check deposits. Learn how these schemes work and how to detect check scams using the ScamClassifier(SM) and FraudClassifier(SM) models.
Learn how fraudsters target unsuspecting victims through relationship and trust scams to carry out check fraud – and how the ScamClassifier(SM) model can be leveraged for more robust prevention and customer education.
Fraudsters often leverage fraudulent paper checks to help perpetrate scams. Learn how the ScamClassifier(SM) model can assist in identifying the root cause of the fraud that occurred due to a scam.