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PNC, GIACT® Launch New Identity Verification; Authentication Offering
PNC Bank announced today a strategic alliance with GIACT to employ the Epic Platform's verification and authentication technology. PNC commercial clients will be armed with GIACT's real-time fraud prevention tools to confirm an account is open, active and in good standing prior to initiating a payment.
GIACT Issues Report on FinCEN’s Beneficial Ownership Regulation
GIACT Systems, the leader in helping companies positively identify and authenticate customers, today announced the release of a report, "Streamlining KYC: Best Practices in the Collection and Processing of Beneficial Owners," detailing compliance specifics and best practices around beneficial ownership.
GIACT Publishes Report Detailing Risks of Same Day ACH Debits
GIACT Systems, the leader in helping companies positively identify and authenticate customers, today issued a white paper discussing the emerging fraud threats to Same Day ACH debit payments as well as GIACT's approach to mitigating fraud.
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 Promotes Kimber Johnson to Executive Vice President, Strategic Relationships
GIACT Systems, the leader in helping companies positively identify and authenticate customers, today announced the appointment of Kimber Johnson to executive vice president, strategic relationships.
GIACT Announces Significant New Client and Revenue Growth in First Half of 2018
GIACT Systems, the leader in helping companies positively identify and authenticate customers, today announced rapid growth in the first half of 2018.
GIACT Publishes Report Detailing the Increase in Insurance Claims Fraud and Latest Fraud Prevention Tactics
Fraud accounts for 5-10% of all claims-related costs in the U.S., with approximately one-third of insurers reporting percentages as high as 20%. Domestic P&Cs alone are suffering about $30 billion in fraud losses annually. While these losses have an immediate impact on insurers' profitability, policyholders ultimately pay the price in the form of higher premiums and deteriorating policyholder experience.