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The Rise of New Account Fraud: Best Practices in Identification and Verification
New Account Fraud has reaching crisis-levels. Watch this recorded webinar to learn the latest developments from Javelin's 2019 Identity Fraud Study and best practices for reducing NAF as well as how to reconcile security with a frictionless customer experience.
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.
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.
White Paper: Modernizing Account Validation
The need for effective Account Validation has never been more urgent, especially when considering the growth of ACH payments. As the speed, volume, and value of faster payments increase, Account Validation capabilities have become essential to the future viability of ACH payments. Learn the latest best practices in securing your Account Validation processes.
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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.
The Changing Landscape of Identity Fraud
According to Javelin Strategy & Research's 2019 Identity Fraud Study, identity fraud remains at historically high levels despite the slight improvements. In this white paper, GIACT explores six key trends that show how fraud has changed in the past year and how it will shape the year ahead.