Believe it or not, your bank is among the experts in fraud detection.  Many of us have experienced urgent phone calls from the bank when we make a larger-than-normal purchase, and this is a good thing.  The bank's systems constantly track customers' card use - amount, locations, day of time, etc. to develop a map of your spending habits - and it's when something wanders out of this map that they alert customers before serious damage can be done.  Doing so gives customers a chance to interrupt fraud as it happens, as well as minimizing losses for the bank.

Europe-based HSBC bank offered some revealing insights into the future of your interaction with banking.  As many know, more and more banking can be done remotely or even through branch ATMs, reducing the demand for in-person branch tellers for all but the most complicated banking transactions.  Artificial intelligence and mobile technologies are fueling the progression.  Because of this, HSBC is investigating new technology roles within the company to carry tech-fueled banking forward.

Kofax, a leading provider of business automation software and PaperFree partner, recently shared exciting news about how its Mobile Credit and Debit Card Framework and Mobile Capture Platform technology was utilized to bring a new mobile banking feature to the market.