Florida Banking July 2022

See the problem, solve the problem The growing problem of synthetic identity payments fraud requires the attention of all payments industry stakeholders and collaborative efforts to understand, detect, and address synthetic identity fraud in the U.S. payments system. The Center for Payments will continue to work closely with the Fed, community financial institutions, and industry stakeholders to increase awareness and mitigate the risk of synthetic identity fraud. ABOUT MIKE BURKE From teaching criminal justice classes, investigating bank robberies and embezzlement as a sergeant detective, and serving as the founding director of the Iowa Central Homeland Security Training Center, Mike Burke is an invaluable resource for organizations looking to improve their understanding and training in robbery and crisis management. His timely, comprehensive and thoughtful presentations regarding robberies, active-shooter scenarios and loss prevention help community institutions enhance their security measures and ensure regulatory compliance. As a member of the Midwest Financial Fraud Investigators, Mike partners with law enforcement and other financial institutions to share information about fraud.

ABOUT SHAZAM SHAZAM is the nation’s only member-owned debit network, processor and core provider. Founded in 1976 and based in Iowa, SHAZAM offers: debit card processing, credit card issuing, core, fraud, ATM, merchant, marketing, training, risk and ACH. As a national leader in payments and financial technology, SHAZAM provides community banks and credit unions with resources and unparalleled client service and technology. Our mission is simple: Strengthening community financial institutions. Learn more at shazam.net. SHAZAM contact: Valerie Cibula, Senior Public Relations Specialist, vcibula@shazam.net, 515-360-1101. Citation 12021, Payments Fraud Insights, Defining Synthetic Identity Fraud, The Federal Reserve 22020, PYMNTS.com, Deep Dive: How FIs Are Looking Beyond Traditional Know Your Customer Data to Spot Synthetic ID Fraud, PYMNTS.com 32019, Payments Fraud Insights, Detecting Synthetic Identity Fraud in the U.S. Payment System, The Federal Reserve 4 2020, Digitizing Payments: The Online Account Opening Experience, The Center for Payments™

WWW.FLORIDABANKERS.COM JULY 2022 — 15