Fraud Fighter™, a leading provider of counterfeit detection and fraud prevention solutions, is hosting a free Breakthrough Practices Webinar and Product Demonstration to teach financial institutions how to prevent identity-related fraud and loss. The insightful event, entitled “Learn How Identity Authentication Can Reduce Fraud and Optimize Compliance,” is scheduled for October 5 at 11 a.m. PST.
GLENDORA, Calif. (Sept. 30, 2010) – As identity theft and fraud escalate worldwide, Fraud Fighter™ is pleased to host a free Breakthrough Practices Webinar and Product Demonstration to show financial institutions how to prevent identity-related fraud and loss. The webinar, entitled “Learn How Identity Authentication Can Reduce Fraud and Optimize Compliance,” will be held on October 5 at 11 a.m. Pacific Standard Time.
The webinar will be presented by James Smith, S.V.P. Sales and Marketing of UVeritech, Inc. Demonstrating an agile and non-intrusive methodology for fraud prevention, Smith will also conduct a live online demonstration of the ID-150, Fraud Fighter’s simple, yet total solution to identity validation and authentication. “The importance of accurately verifying that customers are, in fact, who they claim to be is vital to the success of financial institutions,” Smith says. “Whether driven by the immediate need to sustain profitability by preventing fraud losses, complying with federal regulations, or to differentiate themselves from competitors by offering a more ‘secured’ transactional environment, the financial services industry realizes that a newer and better way to authenticate identities during a transaction is required.”
The prevention of identity theft and fraud is a critical topic in today’s world. The rising cost of fraud exceeds $1 trillion, with identity-related fraud at more than $220 billion worldwide, according to Fraud Fighter. The upcoming Breakthrough Practices Webinar and Product Demonstration will address this problem. It will provide the information and tools that financial institutions need to control the risk of identity theft and fraud through detection, prevention and compliance. The webinar will be beneficial for all C-level executives, auditors, AML officers and asset protection and security officers, as well as risk, compliance and purchasing managers. It will highlight:
- The Risk of Identity Theft and Financial Losses Resulting in Fraudulent Transactions
- The Challenges in Establishing Genuine Identities
- The Automated, Documented Authentication Approach to Establishing Trusted Identities
- The Optimization of ID Verification Business Processes
- Using Best Practices to Tie the Applicant to their Identity Documents to Create a "Trusted Identity"
Fraud Fighter’s B5000 is a proprietary combined hardware and software product that automatically authenticates a wide range of documents, including passports, visas, immigration cards, driver’s licenses and military ID cards. Integral to any layered fraud prevention solution, the B5000 employs a patented process of scanning, image processing and data analysis that enables users to perform security checks in just seconds—accurately and automatically. It provides a quick, precise, low-cost way to verify customers’ IDs and identities upfront, making it easy for financial institutions to comply with regulations of the USA Patriot Act. The product also facilitates compliance with the Bank Secrecy Act, the Gramm-Leach-Bliley Act and the Fair and Accurate Credit Transactions Act.
For more information about the exciting Webinar, the B5000 or Fraud Fighter, please visit www.fraudfighter.com.
About Fraud Fighter™
Established in 2000, Fraud Fighter is a leading provider of counterfeit detection and fraud prevention solutions. The company’s principals and affiliates have engaged in loss prevention, law enforcement, security and counterfeit detection issues since 1962. Their extensive expertise has positioned Fraud Fighter as the preferred industry partner and a leader of innovation in the area of fraud prevention and compliance management. As a fraud prevention pioneer, Fraud Fighter was the first company to address the point-of-transaction document fraud industry by designing and manufacturing breakthrough products that effectively filter real-world, fraudulent transaction activity before it occurs. This is achieved by efficiently testing every document that is presented—verifying identification, validating credit cards, and authenticating traveler checks, coupons, gift cards, and more. A privately-owned company, Fraud Fighter is headquartered in Glendora, Calif.
Media Contact:
Sean Trundy, CEO
Uveritech, Inc.
(800) 883-8822
sean@uveritech.com
