This is how we think
GIACT® Releases Report on Securing Faster Payments, Account Validation
Today GIACT announced a new report, Securing Faster Payments: Addressing the Account Validation Rule, on the rapid growth of ACH payments, the latest fraud trends surrounding faster payments as well as how to secure ACH transactions. The report comes on the heels of Nacha’s upcoming WEB Debit Account Validation Rule, slated to take effect on March 19, 2021, and serves as a guide on how to apply proper account validation measures.
GIACT® Finds Increased Risk for FIs, Businesses and Consumers as Identity Fraud Tactics Take New Forms
Today announced a new report, The Changing Landscape of Identity Fraud: Fraudsters Strike Back, detailing five of the most urgent identity fraud trends. The fraud prevention specialists at GIACT developed the report using the latest analysis, reports and filings, to inform financial institutions, businesses and consumers about what challenges lay ahead.
The Paycheck Protection Program: Preparing for Round Two
Congress is poised to approve additional funding for the PPP in the next stimulus package. Considering how quickly the SBA ran out of funds for the first round, small businesses and financial institutions are well advised to prepare now for the next round. What can lenders and potential borrowers do to better their odds of success in round two?
In case you missed it
In Battling Identity Fraud, Finding The (Synthetic ID) Devil Behind The Details
With the advent of chip cards in the United States, fraudsters have been looking for new avenues through which to continue their criminal enterprises. The data is out there now, more than ever before – and, as he said, all stakeholders need to be proactive in the battle.
GIACT and Advanced Fraud Solutions Announce Strategic Partnership
GIACT® Systems and Advanced Fraud Solutions (AFS) today announced a strategic partnership to enhance AFS’s TrueChecks® solution with GIACT’s EPIC Platform® The joint solution gives retailers and other billers the ability to verify account status and investigate any history of account fraud, prior to accepting payment in order to reduce returned items.
Infographic: The Growing Costs of Identity Fraud
The volume of fraud attempts and the cost-per-incident of losses have increased in recent years. According to Javelin Strategy & Research's, 15.4 million consumers in the U.S. were victims of identity theft in 2016 at an estimated cost of $16 billion.
OpEd: Coronavirus digital pay spike invites account takeover fraud
As digital transactions during the coronavirus crisis surge, account takeover will be used to access goods and services without much resistance. Fraudsters will look to hide in numbers, especially when purchasing in-demand items that they can resell.
Influencer Insights Special Edition: GIACT on Fraud Prevention During COVID-19
In the age of COVID-19, GIACT talks how merchants can handle a sharp increase in the number of online orders they must screen for fraud.
GIACT To Help Streamline Financial Aid For SMBs In COVID-19 Payout
GIACT’s SBA Fast Track program will aid with quickening the process of getting the loans where they need to go. The program is an “interoperable, single API” solution and will help financial institutions (FIs) and lenders easily verify accounts and identities to start getting the loans out.