Archives: Resources

Can Payroll and Benefits Debits Reveal Businesses Operating out of a Consumer Account?

In last week’s chart, the data showed that financial institutions have businesses with significant monthly expenditures operating out of consumer accounts. Additional analysis found payroll and benefits behavior within the data sample. Payroll and benefits payments are a few types of transactions that can be used to identify businesses masquerading inside retail accounts.

Are Businesses Operating Out of Retail Accounts?

Business activity is not only limited to business accounts. Business specific transactions, such as payroll, wholesale purchases, business information technology expenses, and more are commonly found in retail accounts. Identifying these transactions is a strategic way to uncover businesses that are already at your institution.

The 2024 Playbook: Budgeting & Strategies for Financial Institutions

Research shows that in order for banks and credit unions to compete with megabanks, they should be focusing on data insights, technology that delivers speed, AI-powered solutions, cybersecurity and marketing to attract Gen Z.

A Case Study in Bundling Products: Tax Software and Credit Monitoring

TurboTax, a popular tax preparation product, offers tax preparers the opportunity to purchase identity theft protection when they file their tax return. Among TURBOTAX users who also had identity theft monitoring in our sample, 50.3 percent chose Experian (Turbotax’s partner). Among other tax software users that also selected identity theft, only 36.5 percent chose Experian. Experian has been able to claim a greater share of the market by partnering with Turbotax and being present when the tax software purchase is made.

Which Identity Protection Brands Do Regional and Community Financial Institution Account Holders Trust Most?

Among account holders in our panel that pay for identity protection, three competitors claim most of the market: Experian with 36.5 percent, IdentityIQ with 35.3 percent and Lifelock (Norton) at 27.5 percent.

Mastering Positive Pay: Safeguarding Payments in the Digital Era

Webinar about Positive Pay and its pivotal role as a vanguard against fraudulent activities, including altered checks, unauthorized ACH transactions, and more.

The Connection Between Antivirus Software Users and Other Personal Protection Services

Analysis of transaction data for security products reveals two interesting cohorts.

Sophisticated & Evolving Account Takeover Fraud

Account takeover fraud threats are becoming more sophisticated and successful with fraudsters leveraging the most innovative tools and techniques available to diminish the bank or credit unions reputation and steal from businesses and consumers. Hear from Seth Ruden, Director of Global Advisory for BioCatch to better understand how you can apply behavioral biometrics to detect […]

Generational Adoption Rates for Personal and Home Security Products

As the world has increasingly become more digital, the home and personal security landscape has changed too. New risks, such as identity theft and computer crime, require consumers to respond; New market entrants with innovative approaches have created disruption and shifts in the security market. Overall, complexity around what security buyers look like, and what demands they have, is greater than ever. Transaction data can shed light on some of this complexity. Perhaps not surprisingly, each generation perceives and takes action towards these security risks in different ways.

Fintech/Budgeting Savings App Behavior

Account holders who use saving features associated with fintech budgeting apps tend to move smaller amounts of money into savings, in contrast with the high-interest rate Apple Savings, where account holders moved larger amounts. While fintech budgeting apps savings accounts may be non-interest bearing, they can be attractive to account holders who wish to contribute money at regular intervals to build a small nest egg.