Use of real-time payments is one of the most dangerous trends in fraud, including so-called authorized push payment fraud. Criminals trick consumers into authorizing a payment of a fake invoice or unwittingly sending an SMS that triggers a payment.
Criminals utilize new technology and new schemes to commit payment fraud. Therefore, banks and card issuers must be even more sophisticated and use the latest analytic innovations to fight fraud.
Payment fraud is a pressing issue as criminals increase their level of sophistication and use of technology. New security solutions expose more than 8 out of 10 attempts, even before the fraud comes to the customer’s attention.
Scandinavian finance leader wins FICO® Decisions Award for Fraud Control using the FICO® Falcon® Platform Cloud Edition.
In the end of January, Entercard met young entrepreneurs at the Youth Entrepreneurship (Ungt Entreprenørskap) Local Championships. Four Entercard employees were in the juries, and the students competed for prizes such as the Sustainability Award, Best Sales Team and Best HR. This is part of Entercard’s work with citizenship where we seek to support young talents by using our competence.
EnterCard Group AB and Coop Sweden AB have entered into a partnership agreement where EnterCard, as new credit provider, will provide credit cards to Coop’s Swedish members. The new partnership means that Coop’s credit cards will be upgraded with several new features and services in March this year.
On Friday November 30th, the final of Ungt Entreprenørskaps Gründeridol for for youth companies in Akershus was arranged. Carl Michelet, Thanh Fleischer, Fawad Hussain and Anne-Line Aaslund from Entercard contributed as mentors. The ideas was flowering, so this was fun and educational both for the students and representatives from the business world.
Entercard is a finance company who wish to take responsibility, individually and collectively. Our colleagues are encouraged not only to focus on income for the company, but also to use their knowledge to help others. We have spoken with two of the facilitators of Entercard's CSR work, Marita Nordli, Consultant and Melita Ringvold, Head of Corporate Communications and Citizenship.
Entercard, engage in citizenship projects by using our strengths to support others. Through Entercard's collaboration with Blue Cross in Oslo some of our employees have volunteered as “tidgivere” in a project called “Steg for steg”. We have talked with Dag Bjanes, Department Manager for Card Operations, about his experiences as “tidgiver”.
These days we are living in a global economy where we can order practically everything on the Internet with a simple click and have it delivered to our homes. Digital payment solutions have reshaped our whole society – in many ways for the better. At the same time, though, this has opened up the path for criminal activity, such as card fraud and identity theft.
Money laundering has been high on the agenda these last weeks as several international money laundering cases have become known. Money laundering, which is the attempt to integrate income from criminal activities, fraud or tax evasion in the financial system, is a serious problem for society.
The financial sector stands united against money laundering and terrorist financing. Sweden, Denmark and Norway are members of the Financial Action Task Force (FATF), for example. Member countries undertake to comply with international standards on measures to combat money laundering, terrorist financing and the proliferation of weapons of mass destruction