Identity and Fraud

US online gaming reaches point of no return

Posted on Nov 29 2012 by

Despite recent coverage of the US elections virtually eclipsing the issue of online gaming, moves towards it were quietly progressing behind the scenes.

Nevada, closely followed by Delaware, have now approved the nation’s first interactive gambling licenses, while in August the Federal District Court for the Eastern District of New York determined that Hold ‘em Poker was not actually ‘gambling’, instead ruling it a game of skill and expertise.

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Pension fraud soars during the depths of a downturn

Posted on Nov 29 2012 by

The financial services sector currently shoulders the £3.5 billion lion’s share of the UK’s annual £75 billion estimated fraud losses.

Mortgages, currents accounts, loans and savings are all vulnerable – but evidence suggests pensions are equally at risk.

While there are no precise figures for Britain’s pensions industry as a whole, annual public sector pension fraud alone is estimated to cost nearly £17 million by the National Fraud Authority.

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Will Britain’s biggest online shopping day leave the virtual tills jingling all the way?

Posted on Nov 29 2012 by

Just in case you’ve been in a cave for the past two months, the festive shopping season is now almost here with the UK’s first big seasonal spike in online shopping fast approaching. So-called Cyber Monday traditionally falls on the first Monday of December.

And this year’s online landmark lands on December3.

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Experian strikes new three-year data and analytics deal with Hitachi Capital UK

Posted on Nov 29 2012 by

Experian has announced a renewal of its strategic partnership with Hitachi Capital UK, continuing to provide a range of acquisition credit risk, customer management, affordability and ID verification products.

Hitachi Capital UK operates extensively in the retail finance sector and has opted to extend its use of Experian’s Detect and Hunter fraud prevention services, improving its control of credit and fraud risk and the efficiency of its application processing.

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Friction-free payments make online transactions worth every penny

Posted on Nov 22 2012 by

As far as consumer interactions and payments are concerned, friction simply slows processes which should be straightforward and efficient by adding seemingly unnecessary steps.

Reducing friction increases both customer conversion and satisfaction leading to quicker transactions.

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Hammersmith & Fulham’s high-profile fraud crackdown reveals stunning results

Posted on Nov 22 2012 by

The London Borough of Hammersmith & Fulham’s high-profile crackdown on social housing fraud has revealed stunning results with £2,680-a-day recovered for the public purse.

The borough joined forces with Experian to deploy the latest fraud detection and data-matching techniques to analyse its social tenancy records.

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Spotting fraud networks

Posted on Nov 15 2012 by

Organised fraud is often regarded as less common than fraud perpetrated by individuals – but there’s little or no distinct boundary between the two. Whether it’s an individual making multiple fraudulent credit applications, or a professional fraudster recruiting multiple victims to launder money or commit cheque fraud, the scale of losses can be significant. Fraudsters usually target numerous organisations or even different divisions within the same organisation – so collaboration is vital.

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