Credit fraud prevention

Article Abstract:

Many credit managers realize that it is both better and less expensive to prevent credit fraud than to react to fraud. One way to prevent fraud is to develop a fraud prevention program which utilizes computer software to help trained employees identify credit risks. J.C. Penney's is one company which has had good results with its on-line evaluation program: credit applications are entered electronically, and the computer system can evaluate applications and tag any application with certain types of 'suspect' information. Additionally, J.C. Penney depends on employee evaluation to prevent fraud.

Analysis, Training, Commercial credit fraud, Credit managers, J.C. Penney Credit Services Inc.

---

Credit union realizes enormous growth, yet costs held down

Article Abstract:

North Island Federal Credit Union (San Diego, CA) has achieved excellent growth with the help of new computer and phone systems. The credit union installed a Hewlett-Packard HP 300 computer which was later upgraded to a Series 950. The Credit Union also installed a CALL-24 system allowing customers to conduct transactions over the phone. North Island Federal Credit Union has added over 300 companies and associations to its customer list since 1983.

Banking industry, Marketing, Credit unions, North Island Federal Credit Union

---

Similar abstracts:

• Abstracts: Credit surcharges - pro and con: four opinions on two-tier pricing plus the Fed's viewpoint. Regulating the cost of consumer credit: What price credit?
• Abstracts: Voluntary administration reports: what creditors should expect
• Abstracts: Unclaimed property: a credit risk liability. Access to credit improves for women business owners. Possibility of merger raises host of questions
• Abstracts: Medical Credit. Credit Life: A Businessman's Perspective. Pocket your credit computer: and take your 'office' with you
• Abstracts: Agricultural credit crisis: Can farmers hang on? Credit unions can compete in consumer credit card marketplace

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.