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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.
Protecting Yourself: 4 Signs You’re at Risk For Identity Theft
Identity theft is one of the most frustrating experiences you may ever have the misfortune to experience. The risks are high: your credit score (that you've spent years building) could crumble, your life savings could be wiped out, or you could find yourself looking at thousands of dollars in unpaid debt and bills.
P2P’s speed puts personal info at greater risk
Peer-to-peer payments have increasingly become the norm. The National Automated Clearing House Association found that 29.4 million P2P transactions were executed in last year's second quarter alone, a 24% increase from 2017. It shouldn’t come as a surprise: Mobile payments are a fast, easy and convenient way to transfer money.
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® 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.
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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.
Fraud 101: Bank Verification Systems
Accepting electronic payments has become commonplace across all industries, including small businesses, landlords, and loan providers. Authenticating account owners and verifying these transactions – especially high-value transactions – is critical to minimizing fraud losses and protecting customers whose accounts often become targets of fraud attempts.