Internet PIN Debit: Aligning the Needs of Merchants, FIs and Consumers for Online Payments
[ Source: Acculynk ]
June 2009-
This white paper details the opportunity Internet PIN debit provides to merchants and financial institutions to align consumer preferences with their own interests and bottom lines. The paper finds that Internet PIN debit fits the profile of a preferred “cash-based” payment method with a popular physical analog, and has the opportunity to capture a significant portion of Internet transactions. Topics covered in the white paper include: the shift in consumer payment preferences from credit cards ....
"Lights Out" Exception Processing
[ Source: CONIX Systems ]
February 2008-
Imagine a totally automated payment-processing environment where fraudulent, duplicate, or erroneous items are corrected (or rejected) before posting. Imagine how happy your customers will be with the error reduction in such an environment. Imagine the costs that could be eliminated. Now compare this to the current system of reconciliation, where mistakes and fraud are detected after the fact, after the customer relationship has been tarnished and the institution is forced to write off unnecessary ....
Taking Control of Payment Duplication
[ Source: CONIX Systems ]
November 2007-
Being duped is never a good thing. This is especially true for financial institutions when the age-old backroom problem, payment duplication, is magnified because of new electronic clearing protocols. In the past, duplicate postings to demand-deposit accounts (DDAs) were a manageable processing anomaly because financial institutions became proficient at minimizing these exceptions in the paper check-based environment. However, times have changed. Payment systems must now deal with automated clearinghouse and lockbox items, as well ....
The Cost of Phishing: Understanding the True Cost Dynamics Behind Phishing Attacks
[ Source: Cyveillance ]
December 2008-
In this white paper, Cyveillance’s phishing experts demonstrate the financial savings resulting from speedy detection and take down of phishing attacks, as well as significant financial repercussions of slow phishing detection and take downs. According to a Gartner study released in December 2007, phishing attacks represent a staggering amount of fraud, costing organizations more than $3 billion annually. Even more shocking than this cost is the fact that phishing is a steadily growing problem with ....
Notes on a Scandal: Lessons in Operational Risk Management from Societe Generale
[ Source: Diamond Management & Technology Consultants ]
February 2008-
Lightning can, in fact, strike twice and banks that want to avoid being rocked by a Société Générale-scale fraud incident need to move beyond stop-gap measures and build a culture of operational risk management. Diamond Management & Technology Consultants examines facts that have emerged from the Société Générale situation, and the probable causes of fraud point to deficiencies in operational risk management. While details are still surfacing, Société Générale, or SocGen, appears ....
ATM Fraud and Security
[ Source: Diebold ]
October 2006-
This white paper contains a comprehensive overview of ATM fraud, security and customer safety issues facing the self-service industry. It describes fraud techniques and introduces management practices and devices designed to keep ATMs secure.
ATM Fraud Prevention
[ Source: Diebold ]
March 2008-
In a climate of increased ATM fraud and threats, financial institutions can no longer afford to take a reactive approach to detecting and preventing fraud throughout their ATM networks.
Security for Financial Institutions -- The Benefits of Big-Picture Thinking
[ Source: Diebold ]
January 2008-
From one end of the globe to the other, thieves are getting smarter. As they gain more knowledge on how to steal assets, the need to stay one step ahead of their efforts becomes more and more critical. And the most effective way to deter theft and mitigate loss is through a multi-layered security approach. Of course, the first step is to secure the physical facility and the ....
Digital Security Threats
[ Source: Diebold ]
February 2008-
Digital security threats attempt to compromise the ATMs operating
system or violate the integrity of transaction-related data. Mitigate the vast business risks associated with these types of threats by leveraging Diebold’s multi-layered digital security defenses.
Biometrics -- Fact and Fiction
[ Source: Diebold ]
February 2008-
As the incidence and frequency of identity theft and internal fraud continue to rise, the financial and medical business sectors look increasingly to biometrics to help them more effectively battle the aforementioned issues. There is the call from the general public for more biometric authentication and verification in trusted environments, but there still exists some misconceptions as to the sanitation, cost, integration effort, and public acceptance that ....