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Internet Fraud Alert System

PRODUCTS / INTERNET FRAUD ALERT SYSTEM

Internet Fraud Alert System

Used by KKB member banks, IFAS helps prevent acts of fraud in EFT and remittance transactions

The Internet Fraud Alert System (IFAS) aims to enable communication between member institutions regarding cases of fraud in money transfers with EFT and remittance.

Credit ratings generated by credit bureaus differ from models developed by institutions specifically for their own portfolios, in that credit ratings reflect the profile of borrowers on a nation-wide basis. A key benefit of credit ratings is that they offer a comparative risk level of individuals against the country average.

Alerts other members in the event of a fraud

Case information is distributed across members to inform new measures, preventing potential losses

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Who Can Use It?

KKB member banks may use IFAS via the KKB web interface.