June 2005
Bank Technology News;Jun2005, Vol. 18 Issue 6, p10
Trade Publication
This article presents news banking technology. First Data Debit Services reports its survey on fraud found two million phishing victims in the past year. Close to five percent of phishing attempts are successful, despite significant efforts by the financial community to raise awareness and educate consumers about phishing, says Debra Janssen, president of First Data Debit Services. TowerGroup Inc. reports that publicly traded community banks are facing increasing difficulty in meeting Sarbanes-Oxley compliance.


Related Articles

  • Fraud Detection Systems Found Wanting by Survey.  // Community Banker;Jan2004, Vol. 13 Issue 1, p52 

    Reports that online fraud solutions are not providing the level of security needed by banks in the United States as of January 2004. Percentage of fraudulent transactions that current security technology can identify; Recommendation of TowerGroup, a research firm based in Needham,...

  • A Split on Phishing and ATM Fraud. Wolfe, Daniel // American Banker;8/30/2005, Vol. 170 Issue 167, p17 

    Looks at two studies done on the effect of phishing on ATM fraud. Study conducted by the TowerGroup Inc. which concluded that phishing fraud losses for all United States banks was $81 million; A Gartner Inc. study which finds a much higher amount of loss; Comments from Avivah Litan of Gartner...

  • Fraud Management Needs to Be Holistic. Ginovsky, John // Community Banker;Jun2008, Vol. 17 Issue 6, p48 

    The article emphasizes the need for banks to take an enterprise-wide risk approach to combating fraud. According to TowerGroup, in order to combat the growing levels of existing fraud in the financial services sector, it is essential to treat fraud management as an offensive strategy. Meanwhile,...

  • Fraud Trends. Wolfe, Daniel // American Banker;4/22/2009, Vol. 174 Issue 76, p5 

    The article presents several news briefs regarding bank fraud. A report released by TowerGroup Inc. which found that banks can reduce the exposure to fraud by negotiating payment plans with troubled cardholders is discussed. It has been found that skimming devices that are created to steal debit...

  • Banks Differentiate Themselves When They Provide Superior Customer Experience.  // ABA Bank Marketing;Oct2006, Vol. 38 Issue 8, p4 

    The article focuses on a report from Tower Group which reveals that financial institutions can see their asset growth outpace the competition by 30 percent and reduce customer attrition when they differentiate themselves by providing a superior, one-to-one customer experience. According to the...

  • When your bank is just a voice. Lunt, Penny // ABA Banking Journal;May96, Vol. 88 Issue 5, p34 

    Reports that, according to the Tower Group, United States commercial banks will invest hundreds of millions of dollars a year over the years 1996-1998 to improve call centers. Prioritising telephone banking to banks; Reports from Mentis Corporation, Maryland; Growth of phone transactions; Goals...

  • ENVELOPE-FREE ATMS INCREASE CASH DEPOSITS, TOWERGROUP SAYS.  // CardLine;6/20/2008, Vol. 8 Issue 25, p10 

    The article reports that envelope-free ATMs will increase the machines' cash deposits because bank customers receive an image of each note, according to Nicole Sturgill, research director of delivery channels at TowerGroup in the U.S. Sturgill says that many bank customers refuse to put cash...

  • In Brief.  // ABA Bank Marketing;Nov2008, Vol. 40 Issue 9, p7 

    This section offers news briefs related to bank marketing. New research from the TowerGroup notes that current financial pressures underscore the importance of setting prices for new and renewing business that provides banks with sufficient profit. A new report from Datamonitor stated that...

  • Information Technology: A Look at Leading Priorities. Swann, James // Community Banker;Mar2007, Vol. 16 Issue 3, p68 

    The article reports on the top ten bank technology priorities based on the results of a survey conducted by the TowerGroup. Topping the list is the idea of reducing information technology (IT) redundancies, as well as increasing the reusability of technologies across channels. Another priority...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics