Vendor Guru Q&A - Security

Latest Security - Credit Cards Topics

Customer purchasing Bitcoin

10/16/2016

Why would my customer be making repeated purchases of Bitcoin?

ATM Fraud: Skimming vs. Shimming

04/25/2016

For several years now, the most prevalent form of ATM fraud has been “Skimming”, where a device is attached to an ATM that captures magnetic stripe data as the card passes into a machine. We recently heard of a new ATM fraud technique called “Shimming”. Are they the same thing?

Camera Placement

06/28/2010

Should our cameras be aimed at the customer, or at the teller station to review their work?

Change in Environment Changes Security Strategy

03/03/2008

Dana Turner, a BOL Guru, has stated in several presentations that "a change in the institution's environment often necessitates a change in the institution's security strategy." How far should we carry this line of thought?

Copy Credit Cards for CIP Documentation

01/28/2008

Can banks take copies of credit cards for CIP documentation when opening a new account? I thought this was against regulation? Can you please refer me to written verification?

Electronic Devices Become Payment "Cards"

12/01/2005

Manufacturers are in the process of developing new ways for people to pay for transactions without using cash, check or credit card.

STATS

12/01/2005

Nearly a third of victims surveyed blamed their compromised IDs on the Internet, where they think their information was exposed to hackers.

STATS

11/01/2005

87% of consumers monitor their credit reports only once a year or less.
Research and Markets, www.researchandmarkets.com, 11/04/05

Americans Support Biometrics for Government IDs

10/01/2005

While only about half of people queried for a survey said they supported introducing a new form of government identification, three-quarters said they believed using biometrics on current governmen

Which States Prohibit Credit Cards as ID for CIP?

08/01/2005

The question I have is in regard to CIP. For a new account you have to obtain identification such as drivers license w/photo. But can you accept a major credit card? I thought I understood that some states prohibit the use of a credit card for identification. What states prohibit this?

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Guilty as Charged

Four members of an international card fraud ring have plead guilty to their roles in one of the largest credit card fraud schemes in the U.S. Justice Department's history.

Debt Collection Practices Under Review

According to the Federal Reserve, nearly 15% of all credit reports (encompassing an estimated 30 million consumers) contain debt collection activity.

Notifying law enforcement

09/19/2021

If a financial institution discovers a crime or fraud and wants to notify law enforcement, what if anything is needed before records/documents are turned over to help with the investigation?

Real Time Payments and Fraud

09/12/2021

With more of our bank customers using mobile payment apps, such as PayPal, Venmo, Zelle, we are concerned about the increase in potential fraud for our customers and our bank. What steps can we take to mitigate real-time payments fraud?

Branch Use of TCRs

09/12/2021

Our branch just started using Teller Cash Recyclers (TCRs). Do they deter criminals? In a robbery situation, what dollar amount should we dispense when the Duress Dispense key is activated? Do you dispense a specific denomination or random bills? Also, how do you handle bait money?

Core vs. 3rd Party Deposit Imaging System

09/05/2021

Why would a bank choose a third-party deposit imaging over its core imaging module?

Employees With Licensed Firearms

09/05/2021

Is it a good idea for bank employees to carry concealed or even open weapons to work? We have many employees with state licenses who would like to bring their guns while working.

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