This reporting group tracks loss avoided due to banks’ prevention procedures. Loss avoidance is reported at the bank level and by the source of fraud attempts: ATM fraud; debit card fraud; Reg. E claims; check fraud back office, check fraud claims, deposit fraud, new account fraud, pre-charge-off collection, and organized customer scams. The loss avoidance amount is scaled by the number of transaction accounts.
Staff Contact: James Hitchcock
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