Financial fraud is here to stay, unfortunately, and it comes in many different forms. Credit card fraud isn’t quite as sexy as ransomware, but it’s still a huge, money-sucking criminal enterprise, and it’s unlikely giving up that cash cow is one of the resolutions fraudsters made for the new year.Read More
Post Tagged with: "TransUnion"
It may not be easier to identify sound credit risks today, but retailers certainly have more opportunities — and customers are taking advantage of that. A TransUnion report released Tuesday indicates that December typically sees a doubling in the amount of private-label cards opened by consumers, and this number hasRead More
Bank of America last Tuesday introduced version 7.0.0 of its iPhone mobile app, and it was noteworthy largely because of one new feature: it gives consumers access to their credit scores. Bank of America is believed to be one of the few financial institutions to offer consumers unfettered access to their creditRead More
Brett King opened yesterday’s episode of Breaking Banks with the new Citibank report, which suggests disruption will lead to a 30% cut in employees across the retail banking sector. Next up was data and its use in providing context to the consumer experience. Pat Phelan of Trustev and Paul Siegfried of TransUnion spoke about the developmentsRead More
Millennials hate credit — but a new service called Lenny is out to change that. Lenny is meant for mobile (of course) and launched today in California. It will reach Texas, Florida and New York in the next 10 to 12 months, according to the company, which claims that, in less than threeRead More
Do you know what a petabyte is? Well, TransUnion — which filed for an IPO last week — has 30 of them, and that number has been growing 25% every year since 2010. Those 30 petabytes (1 million gigabytes, for those of you who are not “Big Bang Theory” cast members)Read More