Bankers Association Selects Amcrin's CrimeDex Fraud Information Sharing Network.Business Editors WEST LINN linn n. Scots 1. A waterfall. 2. A steep ravine. [Scottish Gaelic linne, pool, waterfall.] , Ore.--(BUSINESS WIRE)--Sept. 9, 2003 Partnership between Washington Independent Community Bankers Association and Amcrin Corporation underscores growing strength of fraud database Check fraud criminals operating in the Pacific Northwest are finding the region an increasingly difficult area in which to employ their illicit trade. Their efforts are made more difficult today as a result of a new partnership between Amcrin Corporation, an online provider of financial fraud investigation information networks, and the Washington Independent Community Bankers Association (WICBA). The agreement will allow WICBA's 48 member banks to access Amcrin's CrimeDex fraud database via a secure Internet connection. Amcrin is in negotiations with several other regional bank associations to incorporate the CrimeDex system into their member benefit programs. "This is the first time a Northwest banking association has signed on to a fraud investigation network of any kind," said Jim Hudson Jim Hudson (born March 31, 1943 in Steubenville, Ohio), is a former professional American Football defensive back. He started in Super Bowl III for the New York Jets. , Amcrin's president. "WICBA's member banks are leading the way in helping to stem fraud in this region. For Washington banks experiencing fraud, our product provides an information sharing See data conferencing. network to investigate and prevent crime. Unlike other systems, our network has a proven track record of reducing fraud in the Northwest and is already widely used by local, state, and federal law enforcement agencies A law enforcement agency (LEA) is a term used to describe any agency which enforces the law. This may be a local or state police, federal agencies such as the Federal Bureau of Investigation (FBI) or the Drug Enforcement Administration (DEA). ." Amcrin's CrimeDex(R) is an Internet-based investigative system currently focused against white-collar crime white-collar crime, term coined by Edward Sutherland for nonviolent crimes committed by corporations or individuals such as office workers or sales personnel (see white-collar workers) in the course of their business activities. and armed robberies. CrimeDex members (who include investigators from corporate and public entities such as financial institutions, retailers, telecommunication carriers, and law enforcement) have access to fraud and crime related data in real time. Using sophisticated search capabilities, investigators are able to match related case information and collaborate with other investigators working on the same case. This ability to cross reference data significantly increases the probability that criminals will be apprehended. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Federal Bureau of Investigation Federal Bureau of Investigation (FBI), division of the U.S. Dept. of Justice charged with investigating all violations of federal laws except those assigned to some other federal agency. , check fraud is among the fastest-growing crimes in the nation with losses measured in the billions of dollars. However, check fraud is on the decline In the Pacific Northwest. Many fraud investigators credit the regional strength of Amcrin's CrimeDex for the drop. "This is a big deal for WICBA," said John Collins, WICBA's president. "Security officers throughout the region are impressed with the CrimeDex system, most significantly because Amcrin is based here in the West." The CrimeDex database contains over 101,000 checks totaling over $220 million of attempted fraud. With WICBA's participation, CrimeDex is now actively used in 10 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . Recent data released by the Portland, Oregon, Police Bureau reveals a 24% reduction in check fraud in the City of Portland
About Amcrin Corporation Amcrin Corporation, headquartered in West Linn, Oregon West Linn is a city in Clackamas County, Oregon, United States. Now a prosperous southern suburb of Portland, West Linn has a history of early development, prompted by the opportunity to harvest energy from the Willamette Falls. It was named after Senator Dr. , provides corporate and public criminal investigators with the CrimeDex network system to share information related to fraudulent activity, apprehend criminals, and take strategically informed steps toward fraud prevention. CrimeDex unites retailers, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , telecommunications carriers, utilities, and law enforcement in the only shared network data system for fighting fraud. CrimeDex is currently focused on fraudulent check crimes, with telecommunications fraud, identity theft, and credit card fraud Credit card fraud is a wide-ranging term for theft and fraud committed using a credit card or any similar payment mechanism as a fraudulent source of funds in a transaction. The purpose may be to obtain goods without paying, or to obtain unauthorized funds from an account. systems in progress. For more information, contact James Hudson James Hudson may be:
About the Washington Independent Community Bankers Association The Washington Independent Community Bankers Association (WICBA) was formed in 1989 and is dedicated to protecting and enhancing the franchise value of Washington State's community-based financial institutions for the benefit of consumers. The WICBA gives community banks a powerful voice at the State legislature and provides association members with professional education opportunities and access to products and services. In the rapidly changing financial services marketplace, the WICBA is a strong and dynamic trade association dedicated to providing its members with a competitive edge. The association is committed to promoting and publicizing the advantages of community banking and continuing to differentiate the association from other nationally based financial trade associations. Focusing on the issues, products and services that benefit Washington State community banks, the WICBA counts 48 institutions among its ranks. For more information on WICBA, please contact President John Collins at 253-589-1499 or visit them online at www.wicba.org. |
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