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What is IVR in Banking? (6 Key Use Cases)

JustCall

Automation technologies have drastically reduced the work pressure for bank employees. It is now time for customer support agents to also leverage the power of automation through IVR in banking. In this blog, we discuss what does IVR stand for in banking and what are some different use cases of IVR in banking sector.

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How Identifying Key Behaviors in the IVR Helps Predict and Reduce Fraud in the Contact Center

pindrop

Fraudulent activity in the IVR has become a tool for more sophisticated fraudsters and scammers to gain sensitive data that puts contact centers and financial institutions at risk. Forward-thinking contact centers need strategic defenses in place to prevent fraudsters from exploiting the IVR. Why Does Fraud Happen in the IVR?

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What is PCI Compliance Call Recording & Transcription: Definition, Expert Tips & Best Practices

Callminer

Typically, it’s banks that are fined for non-compliance and fines range from $5,000 to $100,000 per month. However, according to PCIComplianceGuide.org , “ The banks will most likely pass this fine along until it eventually hits the merchant. ”. Expert PCI Compliance Tips & Best Practices.

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Call Center Software: How to Choose the Best Software (Tips & Best Practices)

Callminer

In this guide, we’ll help you make more informed buying decisions by describing the various types of call center software, offering expert tips and guidance for choosing the best software solutions for your needs, as well as best practices for utilizing and implementing your call center software suite.

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Call Center Outsourcing: Pros, Cons, and Best Practices

OctopusTech

With this comprehensive guide, you will discover the pros, cons, and best practices performed by outsourced call center services. They will use the best practices and valuable insights for better interaction and to deliver high-quality customer service.

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How Monitoring Your IVR Helps Predict and Reduce Fraud in the Contact Center

pindrop

Fraudulent activity in the IVR has become a tool for more sophisticated fraudsters and scammers to gain sensitive data that puts contact centers and financial institutions at risk. . Fraudsters often use IVR systems to mine and validate information, which they subsequently leverage to commit fraud at various other touchpoints downstream.

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Things You Can Do to Improve Your Contact Center’s CX

pindrop

Exploring best practices for contact center authentication translates to positive gains in other areas. You can leverage authentication best practices for quantifiable gains for your contact center. You can leverage authentication best practices for quantifiable gains for your contact center.