Discover how banks and credit unions can combat the top 5 payment fraud trends
Picture this: a fraudster writes a check for $5,000 from his account at a credit union and walks over to his local branch of a nationwide bank, depositing the check by scanning it in at the ATM. It’s a large check, so the bank makes half of the funds...
In the first six months of 2020, $133 billion on 519 million transactions was sent through the Zelle Network®. Read how consumers used Zelle® to share costs for utilities, pay rent, give gifts, send charitable donations, and money to friends and family in need as well as receive disbursements
During the COVID-19 pandemic, stimulus fraud was rampant. Now, building on the success of pandemic-driven tactics, fraudsters are turning their attention to new account openings.
As account openings surge and application processes continue to move...
NEW YORK, NY/TAMPA, FL – Velera, the nation’s premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider, and Zelle® today announced that Thinkwise Federal Credit Union (Thinkwise) is the first...
Five things financial institutions need to know about consortiums and data-driven fraud detection
Application fraud prevention isn't what it used to be. Digital account opening processes are now the norm. Fraudsters are exploiting weaknesses in traditional risk assessment systems. And financial institutions (FIs) are struggling to prevent...
Download the whitepaper to learn how to prevent payment fraud with predictive intelligence.
Nev Schulman of MTV's Catfish partners with Zelle® to launch an educational campaign for National Consumer Protection Week. Each day will feature a PSA video on TikTok and Instagram featuring a specific scam with tips to avoid becoming victims.