Loss Avoidance Reporting Group

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