Every day I see news reports of financial organizations and consumers falling victim to yet another payment fraud scheme. Whether it is through a card, wire, online banking or another channel, fraudsters are becoming much more savvy in the way they attack. Financial organizations need to rethink their arsenal of
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Everywhere you turn, fraud is in the headlines. It doesn’t matter if you get your news online, on the TV or from the newspaper. There seems to be a new fraud story every day of another scheme. Are the current economic conditions pushing people over the edge? Is greed to
I’ve read and heard many stories in the past several months about credit card companies that are reacting to the economic downturn by reducing credit limits and hiking interest rates without first warning the cardholders. This latest article in Bloomberg Markets gives a good explanation of the institutions’ reasoning. The
At the World Economic Forum in Davos, Switzerland, many financial experts spoke about what is needed to unleash the lenders, keep the books simple, and bring on more rules to improve the financial markets and avoid another global financial crisis. Is nationalizing global banks the answer, as some experts have