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GIACT Launches Emergency Fast Track Program to Assist Financial Institutions and Non-Bank Lenders with SBA Loan Disbursements
GIACT® Launches Emergency Fast Track Program to Assist Financial Institutions and Non-Bank Lenders with SBA Loan Disbursements
GIACT To Help Streamline Financial Aid For SMBs In COVID-19 Payout
GIACT’s SBA Fast Track program will aid with quickening the process of getting the loans where they need to go. The program is an “interoperable, single API” solution and will help financial institutions (FIs) and lenders easily verify accounts and identities to start getting the loans out.
Fraud: What Pandemic Panic Buying And Black Friday Have In Common
These are unprecedented times — where the COVID-19 pandemic has shuttered stores and brought tens of millions of people (in the U.S. alone) indoors, where “home office” has taken on new meaning and where online commerce is now the way we buy. An explosion in online transactions, in card not present activity, has brought with it a host of challenges for companies simply trying to keep up with demand.
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 Platform® 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.
Social Distancing Has Caused More Online Shopping. And Fraud.
In the U.S. alone, nearly 100 million people (and growing) have been directed to stay at home and practice social distancing in an effort to limit the spread of the deadly virus. As a result, non-essential businesses are closing, including bars, restaurants, and some retailers.
Webinar: Innovations in Identity Verification and Monitoring
Join GIACT’s David Barnhardt, Chief Experience Officer, for a live webinar recorded Wednesday, April 1, discussing innovations in identity verification monitoring.
GIACT® Issues Report on the Growing Global Threat and Sophistication of Business Email Compromise
The report also details the diverse ways in which BEC is being committed as well as how businesses can proactively validate account information using real-time, diverse data sets, before a potentially fraudulent payment is disbursed.