Having the tools to validate account ownership and status in real-time, and before the debit is processed, should be a main priority for any organization wanting to protect themselves and their customers.
Any organization that offers consumers the ability to pay their bills with their bank account via the web or mobile device must add an additional layer of security before March 19, 2021.
Fueled by cross bank data, solution addresses persisting check fraud challenge

by Eric Foust

 

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, faster payments mean...

Early Warning, a leader in fraud and risk management, today unveiled an industry first: a solution created specifically to help payment originators reduce – in real-time – the billions of dollars in losses they absorb each year.
New Account Scores address CFPB concerns while extending fraud management
Once the receiving financial institution (FI) has validated an incoming Zelle® payment against all applicable velocity, fraud, and account disposition checks, funds will be transferred to the recipient’s banking account.
Learn how to help protect your organization against payment fraud and stay compliant with the Nacha WEB debit rule change.
The real-time revolution is here. The government is encouraging the industry to quickly enable faster payments.
Consumers rely on technology to make their lives easier, and banking technology is no exception.
Real-time settlement of Zelle® transactions on the RTP® network enables expanded uses cases and increases efficiency of P2P, small business and disbursement payments for participating financial institutions; PNC Bank and U.S. Bank first to pilot the integration

Our capabilities also extend to provide institutions the ability to validate deposits and payment transactions to detect incremental risk with counterfeit and duplicate items, reduce losses, and reduce hold times. FIs can secure transactions across...

New offering will provide framework to support faster availability of funds.
Consumers make millions of transactions over P2P. Community banks and credit unions may miss opportunities with faster payments to increase digital engagement.