The Next New Fraud Type

A large part of all e-commerce fraud can be tracked back to orders where the fraudster provides a BILL-TO address that differs from the SHIP-TO address. Think about it – if I have a stolen card, and know the billing …

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Date Posted: March 8, 2008 Author: Category:   IDI Blog,

The Bank Merchant Connection

We were out at the Merchant Risk Council show this past week, where we were launching our new e-commerce solution to detect fraud amongst BILL-TO / SHIP-TO address discrepancies. A couple of things came to light that began to shed …

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Date Posted: March 8, 2008 Author: Category:   IDI Blog,

Will FACTA eventually extend to e-commerce

OK – here’s a semi-deep thought. While we have been focusing a lot of our attention on how address changes lead to ID Theft in financial services – we also understand that most of the fraud in e-commerce can be …

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Date Posted: February 11, 2008 Author: Category:   IDI Blog,

Solutions Coming into the Conversation

I just got off the phone with one of our partners, and I shared our experiences that most of the banks, issuers are much more focused on the PLAN for Fact Act compliance, as opposed to the solutions. For the …

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Date Posted: February 1, 2008 Author: Category:   IDI Blog,

9 Months and counting

Tomorrow is February 1st – which is 9 short months away from FACT Act compliance. We are definitely seeing a lot of activity – particularly in the banking segment. Everyone we call is heading into war rooms to begin planning …

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Date Posted: January 31, 2008 Author: Category:   IDI Blog,

Is Emergency Card Replacement Dead?

So here’s a question: Is emergency card replacement or rush shipping dead as we know it? As my ID Insight team continues to pour over the FACT Act Red Flag and Address Discrepancy rules, it’s becoming more apparent that the …

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Date Posted: January 28, 2008 Author: Category:   IDI Blog,

What We’re Learning

When we speak with banks and other financial institutions, we’re confident that our address-discrepancy solutions will be well-received because we know we’re providing a cost-effective, proven solution to a high-profile challenge. But every once in a while, we still get …

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Date Posted: January 23, 2008 Author: Category:   IDI Blog,

UK Fraud Likely Could Have Been Prevented

The story keeps getting louder. Last week the chairman of England’s Barclays Bank, Marcus Agius, became the latest victim of identity theft. A thief posing as Mr. Agius called the bank and requested that a new card be sent out. …

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Date Posted: January 17, 2008 Author: Category:   IDI Blog,

Compliance and FACT Act named top two challenges for 2008

Everywhere you look today, financial services news outlets are reporting about how compliance is the number one issue facing the industry this year. Last week, BankInfoSecurity.com followed suit and said the top two challenges in 2008 were “keeping up with …

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Date Posted: January 14, 2008 Author: Category:   IDI Blog,

Welcome to the ID Insight FACT Act Blog

Welcome to our “Facts on the FACT Act” Blog. I’m Adam Elliott, president and co-founder of ID Insight, Inc. And if you made a point of stopping by, you’re very likely just as interested as I am in exactly what …

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Date Posted: January 3, 2008 Author: Category:   IDI Blog,
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