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.

  • LinkedIn  
  • Save this article
  • Print this page  

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 copy this content. Please contact [email protected] to find out more.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: