
HBOS agrees SAS consumer contract
Daily news headlines
LONDON – In a deal to protect retail customers’ credit and debit cards from fraud, UK lender Halifax Bank of Scotland (HBOS) has signed a seven-year fraud protection deal with intelligence software provider SAS.
SAS says the system gives HBOS the capacity to examine and uncover fraudulent transactions more accurately and in real time, checking customer behaviour before proceeding or denying transactions. It has the capacity for wider usage for other sorts of transactions.
“We are incredibly excited that HBOS has chosen to work with SAS. We’ve always believed fraud prevention and protection is an industry-wide issue, and having HBOS on board, alongside global financial organisations such as HSBC, strengthens our goal of building a consortium of financial institutions to mount an industry-wide fight against fraud,” said Jim Goodnight, chief executive officer at SAS.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Regulation
Regulation
ECB grants post-Brexit reprieve on large exposures limit
Exemption for intra-group exposures to UK will be preserved pending a decision on equivalence
Receive this by email