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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.
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.
Article, Infographics, News,
Infographic: Growing Exposure to Identity Fraud Increases Financial Risk for Businesses
Today announced the publication of new infographic, Growing Exposure to Identity Fraud Increases Financial Risk for Every Business and its Customers. The infographic highlights identity fraud trends impacting peer-to-peer (P2P) and mobile payment channels.
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.