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Citi Launches Citi® Verify Real-Time Data Validation Service for Institutions Utilizing GIACT’s EPIC Platform®
With Citi Verify, Citi customers will gain access to GIACT’s EPIC Platform, an extensive, real-time network of identity verification and authentication services available in the market.
GIACT Publishes Report on Securing Faster Payments, Account Validation Best Practices
Today GIACT announced a new white paper, Securing Faster Payments: Modernizing Account Validation, detailing account validation best practices related to ACH payments and NACHA's upcoming change to its rule requiring that WEB debits be screened for fraud.
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Infographic: The Changing Landscape of Identity Fraud
Read GIACT's latest infographic following the Javelin Strategy & Research 2019 Identity Fraud Study. Explore six of the latest fraud trends that will impact payments.
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 PlatformTM. 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.
GIACT® Co-Sponsors Release of the Javelin 2019 Identity Fraud Study; New Account Fraud shows increase of 13%
The growth in New Account Fraud sits in contrast to the decline of overall fraud which dropped 15% from 2017 to 2018. The type of fraudulent new accounts that displayed notable growth were focused on loan origination and included general purpose and store-branded credit cards, online accounts (such as eBay and Amazon), mobile phone accounts, car loans, mortgages, home equity lines of credit (HELOC) and student loans.
GIACT Releases Report on How to Streamline and Protect Digital On-Boarding
Today, GIACT announced the release of a new report exploring how the pursuit of faster, simpler on-boarding impacts security and compliance, and vice versa.
GIACT® Announces Third Consecutive Year of Dramatic Growth
GIACT Systems®, the leader in helping companies positively identify and authenticate customers, today announced three consecutive years of dramatic growth.