This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties.  Members and Law enforcement use only. Contact us for any permissions.  To do otherwise will result in the loss of membership.

Complete Story
 

01/12/2020

Fraud Is Eroding The Customer Experience

Forbes

Are you worried about fraud? Concerned about giving out your credit card number or Social Security number over the phone—or to an AI (Artificial Intelligence)-fueled bot? You’re not alone. According to  Sitel Group and CallMiner’s recent Preventing Fraud & Preserving CX with AI Report, more than nine in 10 (92%) consumers in the U.S. are concerned about fraud increasing in their daily activities. They are afraid to share information with customer service reps as well as “secured” websites. Fraud is eroding the customer experience!

It wasn’t that long ago that my mother finally started using Amazon.com to make purchases. For years I suggested that she use Amazon and other online retailers like Walmart and Target to make purchases. She refused to do so. She was afraid someone would steal her credit card and other valuable information. After a little coaxing, she acquiesced and agreed to start buying from these high-profile retailers. It wasn’t long before she became just like most of us, seeking out the time-saving convenience of online retail to make routine purchases. Yet, she was still worried—and she had good reason to be.

Read more...

Printer-Friendly Version


Resources

Alerts

The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.

more information
Resources

Resources

Your electronic library to help in fighting financial fraud for all of our partners.

more information