March 2, 2009
CashEdge Risk Management Services Claim $130 Million in Client Fraud Loss Prevention
The fraud prevention and recovery systems have accumulated these savings from a combination of preventing fraudulent transactions from being accepted, prevent repeated fraud in the form of disguised transactions and helped in the retrieval of funds after a fraudulent transaction had been executed. Much of these results resulted from identity theft attacks - which increased an estimated 47% in 2008, thus insuring demand for CashEdge's systems in 2009.