Consortium Approach news and trends

Consortium Model Adds Risk Mitigation Layers for FIs Through Shared Insight
Security & Fraud // February 01, 2022

As we all move online, especially to bank, Mary-Helen McElfresh, vice president, fraud risk management at Early Warning Services, LLC, told PYMNTS that a consortium approach could cut fraud rates and false positives. Early Warning, of course, is owned by seven of the largest banks...

Interviews & Exclusives
Consortium Model Adds Risk Mitigation Layers for FIs Through Shared Insight

February 01, 2022
As we all move online, especially to bank, Mary-Helen McElfresh, vice president, fraud risk management at Early Warning Services, LLC, told PYMNTS that a consortium approach could cut fraud rates and false positives. Early Warning, of course, is owned by seven of the largest banks in the U.S. and uses intelligence gleaned from participating financial […]

Quick Reads
Socure Launches Tool and Financial Consortium to Fight First-Party Fraud

October 23, 2023
Socure has launched its first-party fraud solution, Sigma First-Party Fraud, along with the First-Party Fraud Consortium (FPFC). Together, these solutions aim to help companies detect and prevent first-party fraud, the provider of digital identity verification and fraud solutions said in a Monday (Oct. 23) press release. First-party fraud is harder to prevent compared to identity fraud because it […]