WEB debit entries continue to increase in popularity and have historically been susceptible to fraud. To combat the rising criminal activity, the rule requires businesses to validate a consumer's bank account information when
Early Warning delivers high assurance and real-time identity confidence for both sides of commerce transactions, enabling Zelle® to become the most trusted payment method of commerce. Best of all, money can move faster and more
In the past year, the driving narrative for financial institutions (FIs) of all sizes has been the increased utilization of digital banking services resulting from the pandemic. With today’s increasing fraud rates, FIs need to keep pace with the evolving landscape by updating their fraud mitigation tools to keep up with faster money movement, online account opening fraud and increasing check fraud.
The COVID-19 pandemic spurred large corporations and small businesses alike to double-down on their plans for adopting real-time payments. It also created a prime opportunity for financial criminals. Indeed