Weathering the Fraud “Walleye Chop” with ID Insight at IAFCI

Minnesota’s own Bob Dylan once wrote: “you don’t need a weatherman to know which way the wind blows.” So it’s no surprise that the changing climate of fraud detection and prevention was a prime topic at this year’s International Association …

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Date Posted: September 14, 2015 Author: Adam Elliott Category:   Featured, IDI Blog,

FACTA’s Red Flags Rule May Give Financial Institutions a False Sense of Security

Reprinted with permission from Thomson Reuters, ID Insight’s Adam Elliott provides his expert opinion in a WestLaw Journal article entitled “FACTA’s Red Flags Rule May Give Financial Institutions a False Sense of Security.”

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Authentication is a Speed Bump for Fraudsters (and for Legitimate Customers)

Somebody logs on to your online banking site to change their mailing address. No big deal, right? People move all of the time, so an address change performed online seems perfectly reasonable. Now, a couple of days later that same …

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EMV Ain’t Cheap, Baby: How card issuers can mitigate risk, save money and protect customers

Fraud of any kind is costly for card issuers, and not just for the obvious reasons. With millions of cards – as many as 650 million – being re-issued in 2015 as part of an industry-wide transition to EMV “chip …

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Trying to solve today’s Address Change problems with yesterday’s tools

In a well-aged Minneapolis neighborhood, not far from my office, there is a typewriter repair shop. Every time I drive by, I find myself peering into the shop windows looking for signs of life. I certainly wish the owner of …

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ID Insight Debuts Next Generation Address Verification

MINNEAPOLIS (December 17, 2014) — ID Insight today announced the newest release of Safe2Ship, a next-generation address verification solution that is specifically engineered to minimize the costs associated with returned mail, while also reducing fraud risk. While Safe2Ship has several …

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EMV Roll-out Provides 650 Million Reasons to Still Care about Address Changes

If card issuers don’t take steps to verify the best address and screen for account takeover during EMV roll-out, a mass re-issue may become a massive headache.

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Account Takeover Fraud: Are you being “set-up” to fail?

According to a report published earlier this year by Javelin, account takeover attacks are on the rise. Another survey published by Bank Info Security suggested the same, and went on to report that the industry has increased its spending on …

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Date Posted: October 29, 2014 Author: Matt Schraan Category:   Featured, IDI Blog,

Changing Approaches for Dealing with Address Changes

As with all industries, it is vital to stay informed with the most recent information and research. After all, you wouldn’t go fishing with last week’s bait.  Since our 2012 best practices approach white paper on how to effectively deal …

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What Impact Will No Saturday Delivery of Mail Have on Fraud

A few days ago, the United States Postal Service (USPS) announced that beginning in August, 2013, mail will no longer be delivered on Saturdays.  The primary reason cited is that we can save $2 billion per year in costs.  (click …

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