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What is the Electronic Consent Based Verification Service (eCBSV)? 

Fico Collections

Tue, 02/16/2021 - 18:04. In June 2020, the US Social Security Administration (SSA) launched their electronic consent-based verification service (eCBSV). According to a report by analyst firm Gartner ,synthetic identity fraud could account for as much as 40% of write-offs for financial institutions in 2021. Categories.

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What Does 2023 Have in Store for U.S. Credit Risk and FICO Score Trends?

Fico Collections

government and financial institutions to implement significant guard rails and safety net programs for consumers such as the government stimulus, extended unemployment benefits, and payment accommodations. Consumers face debt burden challenges that could impact U.S. credit risk and FICO® Score trends.

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Retail Payments Fraud: How Consumers and Banks Can Fight Back

Fico Collections

Nearly 18 million Americans were defrauded through scams involving digital wallets and person-to-person apps in 2020, according to Javelin Strategy & Research, an industry consultant. 04%), NACHA officials say business email compromise attempts are on the upswing – just as they are across every channel.

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Closing the Case for Customer Centricity & Digital Transformation

Fico Collections

Mon, 04/12/2021 - 22:24. Millennials in particular tend to distrust corporations and financial institutions (86%), the government (82%) and the press (88%). Tue, 02/18/2020 - 14:57. Closing the Case for Customer Centricity & Digital Transformation. Categories. Decision Management. April 13, 2021. Main featured Image.