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RYE BROOK, NY, Mar 04, 2015 (Marketwired via COMTEX) -- Discover Financial Services, Identiv INVE, +1.07% ImageWare Systems, Inc. (otcqb:IWSY)
Discover Financial Services
Mr. Daniel Almenara, Vice President of Risk Management, Discover Financial Services, told us, "Information security risks for financial institutions have increased and are continuing to increase. Factors include the proliferation of new technologies, the use of the internet and telecommunications technologies to conduct financial transactions, and the increased sophistication and activities of activists, hackers and organized criminals. Security is a top priority for Discover and the FIDO Alliance. Both are working to make online interactions easier and more secure. At Discover, we monitor our customers' accounts to prevent, detect, investigate and resolve fraud. We also look to our work with the FIDO Alliance to help inform our authentication techniques and strategies. Our fraud prevention systems handle the authorization of Discover's application information, verification of our customers' identities, sales, processing of convenience and balance transfer checks and electronic transactions. Each and every card transaction is subject to screening, authorization and approval through a proprietary POS decision system. Discover uses a variety of techniques that help identify and halt fraudulent transactions, including adaptive models, rules-based decision-making logic, report analysis, data integrity checks and manual account reviews. We manage accounts identified by the fraud detection system through technology that integrates fraud prevention and customer service. These strategies are subject to regular reviews and enhancements to enable us to respond quickly to changing conditions, as well as to protect our customers and our business from emerging fraud activity."
For the complete interview with Mr. Daniel Almenara, Discover Financial Services, please click here or here: