The best inline decisioning solutions will utilize transactional data, historical/behavioral data, and external data from sources like the mobile network providers.
This is an updated blog that was originally published June 27, 2023.
Application fraud prevention is getting a lot of attention from banks and credit unions. For good reason.
Account opening processes are speeding up, much to the delight of consumers...
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...
Learn more about Nacha’s updated rules and regulations going into effect starting in 2024.
Zelle® and Oprah Daily have teamed up to give back to deserving teachers during two special episodes of Oprah Daily’s series, The OG Chronicles. As a show of appreciation for all these teachers do, Zelle® is sending monetary giveaways directly into their bank accounts.
Synthetic identity fraud is the fastest-growing financial crime in the country, and by appearing and acting like legitimate accounts, these identities are challenging for banks, credit unions and other organizations to detect.
Companies across all...
LOS ANGELES, CA -- Los Angeles Football Club (LAFC) today announced Zelle® as a Golden Boot Club corporate partner and the official peer-to-peer payment provider of LAFC. The Club’s Golden Boot Club platform is comprised of top-tier partnerships...
Seventy-one percent of financial professionals reported that their organizations were impacted by payments fraud in 20211.
The good news? That’s the lowest level reported since 2014. After reaching a record high in 2018 and 2019 (with 80 percent of...
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.
Payment fraud detection is difficult to perfect. It’s a slippery form of fraud that shifts its shape as new technologies emerge. Indeed, criminals are relentless in their pursuit to steal funds via unauthorized payments—continuously innovating new...