Stop by Daily for What's Hot Right Now in Compliance & Risk for Credit Unions & Banks
A fallback transaction happens when a consumer inserts a chip card at a chip-enabled terminal but is unable to complete the transaction as a chip transaction, and the consumer has to complete the transaction using the magnetic stripe swipe. About 10 percent of fallback transactions are fraudulent, and this number will likely increase. Here are some ways you can prevent fraudsters from taking advantage of fallbacks. [3/7/17]
Complaints: Why you shouldn’t shun them, but invite them! In this era of exploding complaint volume, this certificated webinar (see instructions in video for how to get your free certificate of completion) takes a look at the risks, evolution, and need for a management strategy to effectively deal with complaints. Before that, we cover what’s hot in compliance, as seen by the editors of Risk InboX. This week’s hot items: 1) HUD cancels Obama era Fair Housing rule; 2) “HMDA” for boards and management; and 3) CFPB has added a new dimension to its complaint database. Click here to watch now.
What makes the patented AffirmX Risk Intel Platform different than anything else out there? Take the next 3 minutes to see what this revolutionary tool can do for your financial institution. Watch Video