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BSA and AML Transaction Monitoring Software. Global Vision Systems integrates AML, counter-terrorist financing and anti-fraud capabilities into a single streamlined system. The Patriot Officer’s transaction monitoring software detects and monitors suspicious activity and helps your bank comply with BSA/AML regulations.
Card cracking is a form of fraud where consumers respond to an online solicitation for “easy money” and provide a debit card for withdrawal of fake check deposits. Criminals use social media platforms like Facebook, Twitter, or Instagram to solicit consumers, often targeting people between the ages of 19 and 25 years-old, as well as college ...
The ABA Deposit Account Fraud Survey collects baseline information on check, debit card, and electronic payment fraud losses, and the actions taken by banks to reduce these losses. The survey examines the leading threats against deposit accounts, current and projected fraud losses, and other fraud-related topics both by overall industry trends ...
Certificate in Fraud Prevention. In-depth training on the applicable U.S. laws and regulations governing fraud, and an overview of the types of criminal behavior commonly used against banks. The curriculum is designed to be an excellent refresher for experienced financial crimes professionals who wish to take the Certified AML and Fraud ...
EFTA Questions from the Hotline. May the bank hold a consumer, who claims unauthorized debit card transactions were made through a lost phone, liable for some of the transaction under §1005.6(b)(2) of Regulation E (Electronic Funds Transfer Act) on the basis that he failed to report the loss of his phone—as an “access device”—within 2 days of discovering the loss?
My bank recently encountered two incidents involving Regulation E claims and I am unsure if the bank handled them correctly. In the first instance, our customer used a debit card to buy $1,000 in gift cards at a store with her debit card. She then provided the gift cards to another person, who turned out to be a scammer. In the second instance, the bank customer received a spoofed call ...
What You’ll Learn. After successfully completing the course, you will be able to: Review disputes and Reg E errors. Learn what the consumer’s liability is for unauthorized transactions. Identify the consumer’s responsibilities. Examine the bank’s responsibilities.
My bank has a consumer customer who provided her debit card information to a fraudster claiming to be an Apple representative. The fraudster stated that he needed her debit card and personal identification number (PIN) in order to verify some charges on her Apple account. The consumer cooperated and the fraudster ultimately charged the customer's account for several thousand dollars. The ...
Discover ® Debit is built around giving you the capabilities and service you need to create a successful debit program. Discover delivers for: Your People: Discover puts a team in place to be with you every step of the way in creating, launching, marketing and growing a successful debit program. Your Cardholders: Discover keeps your ...
Peer to Peer Payment Scams. Peer-to-peer payments, or P2P payments, allow consumers to transfer money using their bank accounts, debit cards, or credit cards through a website or mobile app such as Cash App, Google Pay, Paypal, Remitly, Venmo, and Zelle. It’s like sending cash and the transfer usually requires just a few clicks.