Family Savings
  • Identity Verification, Legislation

New Guidance on CIP Rule Application for Prepaid Cards

Last week FinCEN (the Financial Crimes Enforcement Network) and federal banking agencies released new guidance for how the CIP (customer identification program) requirements of the Patriot Act are to be applied to prepaid cards.

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Mannequins on Display
  • Identity Verification, Legislation

Synthetic IDs and the REAL ID Act

Earlier this year Jeh C. Johnson, Secretary of the Department of Homeland Security (DHS) announced the final phase of implementation for the REAL ID Act. His announcement sets a timetable for when airline passengers will be impacted if IDs issues by their state are not compliant with the act...

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Doctor Consulting a Patient
  • Legislation

Clarification for Consumer Access of PHI provided by HHS

The U.S. Department of Health and Human Services (HHS) Office of Civil Rights (OCR) released new guidance this month providing clarification regarding individuals’ right under HIPAA to access their own Protected Health Information (PHI). The guidance from OCR did not provide any new rules, but rather focused on providing greater clarity...

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Man making purchase on ecommerce site
  • Internet Fraud, Fraud Prevention

Card-Not-Present Fraud is Spiking, Here’s Why

While the current switch to EMV in the US is certainly part of the reason for increasing CNP fraud, there are other factors that have also contributed to the spike. Key factors for the increase include the general growth of Ecommerce, the rising popularity of E-gift cards, and the increased use of in-store pickup.

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Football Players on the Defense
  • Identity Fraud, Identity Verification

In Defense of KBA

Knowledge Based Authentication (KBA) has been getting a bad rap, largely related to the IRS breaches in both 2013 and 2015. Aside from the IRS breaches, there have also been failures associated with static KBA that contribute to criticism of KBA. What critics of KBA have failed to realize is that any tool will fail when it is not used correctly.

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