Ingenix, a UnitedHealth Group company, and ID Analytics have announced a strategic alliance to offer new solutions for health care fraud and abuse detection. The companies will develop advanced technologies to detect fraudulent and erroneous health care claims.   » Continue Reading

Bank of America announced today that it reached 5 million items exchanged via image in a single day.   » Continue Reading

MasterCard has announced it is partnering with the Fraternal Order of Police to deliver a "multifaceted program to educate business owners about how to stop fraud before it happens, protect cardholder data and deliver peace of mind to their customers. The program is aimed at furthering collaboration on data security throughout the payment system and helping merchants keep cardholder data safe and secure."   » Continue Reading

SVPCO-Electronic Clearing Services has announced that the number of monthly items in May grew 44.4% to an all-time high of 50.8 million.   » Continue Reading

India's Times of Money has introduced Wallet365.com, a person-to-person payment service for consumers in India that "lets you pay anyone, anywhere" via email. As with PayPal, Wallet365 emphasizes safety, saying "it secures you from the dangers of online credit card fraud." Funds can be loaded into the account from participating banks for free (except ICICI which is charging a 2% fee) or from a credit card for a 2% fee. Fees also apply for sending money and paying bills but not for receiving money from others.

ID Analytics has announced that Identity 2006 will be held September 18-21, 2006 in Dana Point, California at the St. Regis Monarch Beach Resort & Spa. The fifth annual event, which brings together experts at the forefront of identity fraud detection and prevention to focus on the next level of Identity Risk Management: Bridging Networks of Trust.   » Continue Reading

Figures released today show that Barclaycard Flexi-Rate customers are repaying credit card balances more quickly – reducing the time taken to repay and the amount of interest they pay

Bank of America has announced that, as part of a pilot program, it will reimburse $3,000 to associates purchasing a new hybrid vehicle. The program will be available to more than 21,000 associates living within 90 miles of Boston, Charlotte, and Los Angeles.   » Continue Reading

Consumers in Latin America and the Caribbean prefer Visa's debit and prepaid products over cash and checks as demonstrated by annual purchase volume growth rates of more than 50 percent for the past four consecutive quarters. Visa Latin America's purchase volume totaled US$30 billion with a 52 percent increase for the year ending March 2006. Debit grew 51 percent with 150 million cards. In addition, prepaid products experienced an increase of 100 percent and reached 3.3 million cards.   » Continue Reading