Compliance

5 FFIEC Compliance Tips For Banks

Posted on Aug 15 2012 by

The Federal Financial Institutions Examination Council recently released the supplement to its “Authentication in an Internet Banking Environment” guidance. The deadline for meeting the new requirements is now.  These updates of the FFIEC regulations specifically address customer authentication, layered security, and other controls in the growing online environment.  Listed below are five questions about compliance […]

Speed Is the Key to Beating New Account Fraud

Posted on Aug 15 2012 by

Banks and other lenders need more advanced tools to help them detect and catch fraud perpetrators, as well as find new ways to improve profit margins on their credit holdings. The lifespan of a fraudster is short, but prolific. After a sharp and unexplained drop in identity thefts in 2010, fraud schemes climbed 12.6 percent […]

The role of the Social Security number in fraud prevention

Posted on Aug 15 2012 by

The value of the Social Security number (SSN) in the fraud prevention process is an oft-debated topic. Some companies put a great deal of emphasis on the SSN, while others feel the value of it has been lost. Those in the latter category may not even request it from their customers in the application process. […]

Experian’s Precise ID(SM) platform achieves Assurance Level 3 FICAM recognition for identity proofing

Posted on Aug 14 2012 by

Experian is first to receive recognition for identity proofing component under Kantara Trusted Framework You might liken it to winning a gold medal if there were Olympics for fraud-prevention platforms. On July 26, Experian’s Precise IDSM platform was recognized for identity proofing at Assurance Level 3, under the Kantara Initiative’s  Identity Assurance Framework, one of […]