Keep informed, stay ahead
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.
GIACT Announces EPIC Platform™
Solution enables single API integration for full suite of payment risk, fraud mitigation applications.
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, Banking, Government Agencies, Money Service Businesses,
The Rise of Tax Fraud Losses
It's tax season; let the fraud begin. Fraudsters bring their “A” game each year during tax season due to the many ways individuals can be defrauded out of their money.
GIACT Names David Barnhardt Executive Vice President of Product
Barnhardt will be responsible for directing product development for GIACT’s suite of fraud reduction and compliance solutions company-wide.
The Real-Time Fraud Intelligence Factor
Companies must be able to look at the bigger picture when authenticating users online, such as their digital activity, identity and interactions. This comprises a customer's Digital DNA, which should also include social media and email intelligence and real-time device data.