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Location Data Could Become Key to Fighting Bank Fraud

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Banks are closely following an emerging technology BillGuard is testing that would monitor the whereabouts of mobile devices to detect payment anomalies.

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Comments (1)
Very enterprising effort. While this is giving up yet another privilege of privacy - since it comes associated with something which could lead to heavy price being paid in the event of a loss, it's worth it. Banks mining location data to oversee anomalies is perhaps the best catch for overseas criminal activity and frauds with respect to your account. Must make it among hte critical data protection options like these : http://bit.ly/1u5uoa6
Posted by Eamon W | Monday, September 01 2014 at 4:25PM ET
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