Sentences with phrase «to reduce fraud»

Insurance companies have claimed that the cap is necessary to help reduce fraud by eliminating unnecessary treatment requests.

The bill would attempt to reduce fraud in deals by requiring funding portals to obtain background checks on company officers and directors.

Using this identity - management system reduces fraud for businesses and increases conversions for businesses in the travel and gaming sectors.

Smart contracts have the potential to greatly reduce the fraud and enforcement costs of many commercial transactions.

A more robust method for verifying identity would almost certainly reduce fraud.

It might be able to reduce fraud involving cash machines and credit cards, which major banks say costs them # 165 million annually.

These companies want avoid doing something like reducing fraud by 0.5 % revenues but causing purchases with the cards drop by 1 %.

The company also makes programs that help credit - card issuers reduce fraud and analyze the spending patterns of cardholders.

This requirement will prevent copies of a health certificate from being used for multiple shipments and thus reduce fraud.

Secondly, even on a national level, a bitcoin - like system could enhance security and reduce fraud on an everyday level.

Without the ability to accurately reduce fraud, insurance companies would be unable to keep their premiums competitive.

So you can act quickly to help reduce fraud and monitor your account, wherever you are.

«They'd like to save some money from processing paper cheques but e-Transfers between chequing accounts also reduces fraud for them — an area where banks lose revenue.»

VeriFone PCCharge ™ is an award - winning credit card software product that helps reduce fraud losses, saves the merchant time and money, and provides powerful features and performance at the point - of - sale.

The cards being rolled out by banks and credit card companies are aimed at reducing fraud from counterfeit cards.

Some companies, like the Danish shipping giant Maersk, are banking on the tech potentially reducing fraud and inaccuracies in their supply chains.

This vastly reduces fraud for buyers.

That is why PwC and SSAFE have collaborated to release a food fraud vulnerability assessment that companies can use free - of - charge to help identify vulnerabilities and reduce fraud threats.

This is why the industry is doing everything possible to reduce costs, for example by campaigning for compensation reform to tackle excessive legal costs and frivolous claims, and setting up the Insurance Fraud Register to further reduce fraud».

Earnest's thorough application process takes much of the risk out of the loan process, which reduces fraud and defaults.

When used together, EMV chip and PCI DSS will substantially reduce fraud and enhance payment security.

When biometrics become the baseline for any immigration encounter, identity is protected and the automatic creation of a timeline of immigration encounters reduces fraud and increases efficiencies for legal immigration.

It will reduce fraud claims and hasten the claim settlement process.

It is not clear if Apple will use iBeacon or NFC to initiate a secure connection to a point - of - service terminal to process the payments, but it could make transactions more secure and reduce frauds using iPhone's fingerprint sensor.

Develop a trusting relationship with the client, while taking action to reduce fraud exposure in its earliest stages

That could revolutionise the industry by slashing legal, accounting and transaction costs, as well as reduce fraud and credit risk.

Panelist Chris Broderson, Capital Markets researcher at Accenture, focused on healthcare, stating that cryptographic technology will allow medical records to be easily stored and transferred via blockchain applications while also reducing fraud.

The former head of the RCMP's commercial crime unit says there's no perfect protection, but you can reduce your fraud risk

Offers a deeply vigilant approach, capability of initializing investigations, using investigative tools and handling loss prevention systems to assist in reducing fraud losses.

Lifthrasir, who also founded the International Blockchain Real Estate Association, says Velox.re's software can help reduce fraud while also simplifying and the lowering the costs associated with property records.

«This could be aimed at reducing frauds.

«Make sure they understand the liability shift protects them, and helps the business control costs by reducing fraud,» Katzfey says.

He also says an inventory and accounting system is often a key part of running an efficient grocery store today, because it helps reduce fraud and manual errors that naturally happen without such a system.

Proponents of using blockchain technology for voting say that its use will greatly reduce fraud, which will ensure honest elections.

The need to reduce fraud in a document - heavy industry lends blockchain some viability in the space, while the importance of provenance means that commodities must be what they are advertised to be.

It lets customers share risks with friends, allowing them to lower prices due to reduced fraud and process costs, and better risk pools.

Though the timeline was unclear, the publication heralded the many potential benefits, which included: lower operating costs, reduced fraud and counterfeiting, diminished corruption, increased transparency, and real - time information for policymakers.

Ika adds, «Healthcare reform adds additional pressure on the plan sponsor's PBM to demonstrate effective prescription benefit management through reduced adverse drug effects, better medication therapy management, improved prescription adherence, reduced fraud and abuse, increased usage of generics, and optimal usage of specialty medications.

Those include the «doc fix,» which would alter the way doctors are reimbursed for Medicare treatments, as well as changes to the federal budget that would reduce fraud and abuse or reduce mandatory spending levels, with the latter championed by the Republican Study Committee, a conservative House caucus.

The Government announced today that HMRC's Real Time Information (RTI) system is to be used by the Department for Work and Pensions (DWP) to reduce fraud and error in benefits.

Today we announce further measures and checks to save over # 1bn in the next four years by reducing fraud, error and debt in the tax credit system.

The Government's preference for more eligibility and means - testing as a method of targeting benefits and reducing fraud has also attracted criticism from disability groups.