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GIACT Issues Report Identifying New Account Fraud Losses and Latest Targets
GIACT Systems® today announced the release of a newly commissioned report, The Evolution of New Account Fraud, produced by Javelin Strategy & Research. The report highlights the latest new account fraud (NAF) trends, tactics and recommendations for preventing NAF.
GIACT® Announces Automated OFAC Monitoring Product
Today GIACT announced the launch of gOFAC Monitoring – GIACT’s new OFAC compliance solution that eliminates false positives and accelerates compliance processing.
Nacha Announces GIACT® as a Preferred Partner for Account Validation
GIACT is a new Nacha Preferred Partner for Account Validation. GIACT was selected as a Preferred Partner because of the breadth of offerings it has to help companies reduce payments risk through its network of account validation and account verification services.
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.
Equifax, GIACT Systems® Enter Strategic Alliance
GIACT Systems, a leader in helping companies positively identify and authenticate customers, and Equifax, a global data, analytics, and technology company, today announced a strategic alliance that will pair the strengths of both companies to help customers confront the challenges of identity verification and fraud prevention.
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.