As Chexar validation and guarantee service moves more prominently into personal remote deposit capture (ie. load a check to a prepaid card from your phone), we are adjusting our fraud rules to reflect the shift. We find that the easier we make it for people to consider fraud, the more likely they are to pursue. …
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Spring is in the air! Desperation diminishes! 0
The Index decreased in February to 86, but is up 15 points from a year ago. Don’t you love spring! After a hard and bitter winter the flowers start blooming, the sun starts shining and the coats go back on the coat rack. Spring is also a good time for lower desperation. As you can …
Read MoreConsumer Desperation Index at 102 0
The Index increased in January to 102 and is up 14 points from a year ago. Looking at the long term trend above, one can see that we are entering a “low Desperation” season. January-April tend to be low points of the index, as I believe that the influx of tax refunds provide those on the …
Read MoreConsumer Desperation Index falls to 95 0
I love December. Christmas. Good tidings to you and all of your friends. And, for the second year in a row, the Consumer Desperation Index falls. It does my heart good to see less fraud going on, as far a check cashing goes, during the holidays. Perhaps it has to do with the typical uptick …
Read MoreNovember Desperation Index rises to 110 0
The Consumer Desperation Index increased in November to 110, and is up 7 points from a year ago. This trend is not good. This is the first time in seven months that the index was HIGHER than last year at the same time. The constant creep up is somewhat foreboding. As we all wonder what …
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