{"id":4559,"date":"2013-12-19T19:52:00","date_gmt":"2013-12-19T19:52:00","guid":{"rendered":"https:\/\/evssolutions.com\/amp-up-fraud-prevention-in-2014\/"},"modified":"2013-12-19T19:52:00","modified_gmt":"2013-12-19T19:52:00","slug":"amp-up-fraud-prevention-in-2014","status":"publish","type":"post","link":"https:\/\/evssolutions.com\/insights\/amp-up-fraud-prevention-in-2014\/","title":{"rendered":"Amp Up Fraud Prevention in 2014"},"content":{"rendered":"

The past several years have been big for the banking
\nindustry. Weve seen a lot of emerging technologies really take the lead in consumers
\nhabits and lifestyles, placing more need for verification and authentication. <\/span>From fingerprint and iris scanners<\/a> to
\nmaking payments with NFC<\/a>,
\nthese technologies are being developed and tested so that they can be used in
\nthe coming year. <\/span><\/p>\n

Theres been a surge in the development of mobile banking to
\nprovide solutions to customers through remote applications. Banks are looking
\nto provide more customer access and functionality within self-serve options.
\nMatching customers wants will be essential in the coming year. Banks will need
\nto create solutions that do this while also keeping up with top competition
\nthat are already trying and doing these things. With emerging technology and a
\nshift in web-based solutions there will need to be increased security all
\naround.<\/p>\n

Attacks by fraudster on financial institutions are rapidly
\ngrowing. Account take overs and fraudulent credit card transactions can reach
\nmillions of dollars. Their methods and tools are becoming more sophisticated
\nand harder to track. The need for fraud prevention
\nand authentication<\/a> to help secure customer accounts has greatly intensified.
\nOrganizations worldwide are seeking out and investing in technology and
\nservices that better detect fraudsters, reduce fraud losses, mitigate risk and
\nimprove the customer experience. Financial Institutions need solutions that
\nevolve in response to the ever-changing nature of attacks; multiple forms of security
\nand authentication and to keep up with customer needs and unauthorized access
\nto accounts.<\/p>\n

2014 will see more of this enhanced security, whether its
\nthrough biometrics or personal data. Verifying
\nan identity<\/a> becomes not just a fixed process, but also a data science
\nacross multiple factors. By analyzing risks and activity, financial
\ninstitutions can stop more attacks and fraudulent transactions, better identify
\nand track known fraudsters and improve the authentication process for real
\ncustomers.<\/p>\n

In order to gain and retain customers in 2014, financial institutions
\nwill have to add many offerings and benefits while also positively protecting
\ntheir data. Learning consumer behavior and enhancing fraud prevention tactics
\nwill all be essential to making the coming year successful. Its about
\nunderstanding what your customers want today and in the future.<\/p>\n<\/p>\n

[Contributed by EVS Marketing]<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The past several years have been big for the banking industry. Weve seen a lot of emerging technologies really take the lead in consumers habits and lifestyles, placing more need for verification and authentication. From fingerprint and iris scanners to<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4559"}],"collection":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/comments?post=4559"}],"version-history":[{"count":0,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4559\/revisions"}],"wp:attachment":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media?parent=4559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/categories?post=4559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/tags?post=4559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}