Identifying and preventing fraud through identity theft, application fraud and account takeover is a major challenge for card issuers. In such cases, fraudsters will typically change a phone number linked to the account to one they can access. This allows them to verify transactions if challenged by standard fraud checks and then use the card or account unhindered. It is not unusual for a fraudster to take over several accounts across numerous banks and card issuers simultaneously.
Adeptra’s Suspicious Telephone or Postcode (STOP) List is a solution that gives card issuers a real-time mechanism to share telephone numbers in a central database, connecting and sharing intelligence about known or suspected fraud perpetrators.
To learn more about this Adeptra solution please download the document below.
Suspicious Telephone or Postcode (STOP) List (0 bytes)