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GIACT Names Audrey Touma Senior Vice President, Platform Services
Touma will oversee customer alliances, reseller partnerships, and will work with GIACT's product team on developing new product strategy and building market awareness.
Slowing Down Fraud When Payments Speed Up
There’s much to look forward to as the rollout of Phase 2 of Same Day ACH (Debit Pull) looms, but there’s just as much reason for caution.
GIACT Names Ryan Krug Executive Vice President, Client Relations and Business Development
GIACT has named Ryan Krug executive vice president of client relations and business development. Krug will be responsible for customer relationship management and business development activities company-wide.
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 Names Kay Lynn Brumbaugh Chief Legal Officer, Secretary
GIACT today announced Kay Lynn Brumbaugh has joined the GIACT leadership team as the chief legal officer and secretary.
GIACT™ Publishes Report Detailing Risks of Same Day ACH Debit Payments to Faster Payments Ecosystem
Report proposes risk mitigation strategies to protect financial institutions, payments providers, businesses, and consumers
Article, Banking, Money Service Businesses,
Same-day ACH requires processing precision that eludes most companies
While NACHA’s move to faster payments offers substantial benefits to businesses and consumers, it should prompt a comprehensive review of your organization’s existing risk mitigation systems. Particularly at risk are service providers with high volumes of automated or customer-initiated debit payments.