PREPAID CARDS: PROFIT OR MONEY LAUNDERING BANE?

THE DIRTY SIDE OF THE PREPAID CARD BUSINESS.

By Mike Urban, Sr. Director,
Fraud Solutions, Fair Isaac

If you’re looking for a fraud trend to watch, you don’t have to look over the horizon. It’s in the room already.
I’m talking about prepaid cards, which have been around for about 20 years. They started out as stored value card pilots from the late '80s and early '90s. Then they turned ... More

THE HARDEST THING TO DO IS ACQUIRE A NEW CUSTOMER… THE EASIEST IS TO LOSE THEM

SEVEN DATA SECURITY PRACTICES OF HIGHLY SUCCESSFUL ENTERPRISES

Businesses today think nothing of spending millions to acquire new customers, to build the infrastructure to handle their transactions and to purchase the systems that store information about these clients. And yet, when it comes to buckling down and protecting that vital information ... More

MOTIVATING WITHOUT MONEY

By Dave Worman

It is a costly mistake in the telemarketing industry to get lost in the false theory that more money equals happy employees. Because your TSRs get commissions, bonuses or performance evaluations that could include a raise, they are "supposed" to be motivated or even "better" be motivated ... More

KNOW YOUR FREEZE LAWS

In response to the rising tide of ID theft, 39 states have enacted Freeze Laws allowing consumers to prevent CRA’s from releasing their credit information. While this protects the consumer, it also adds complexity to business cycles where credit information comes into play.
The variations in each state’s laws can add to the complexity of doing business there ... More

THIN-FILE CREDIT

UNLOCKING REVENUE POTENTIAL

On average about 22% of all credit applicants are thin-file. The question then is what do you do?
Through a FICO Expansion Score you determine a threshold using the same determining factors ... More

IDENTITY FRAUD

A TALE OF TWO SOLUTIONS

The trend is well known. According to the Federal Trade Commission, identity fraud – increasing by 300% a year - is the fastest growing crime in the United States.
Needless to say, legislators have been busy. But can you stop identity theft with a new law? Should federal or state laws require that the picture id of a credit applicant be examined before issuing ... More