Easier ways to send and receive payments? Check!
The need to write and send paper checks dwindling? Check!
Check fraud becoming a relic of the past?
Umm, not so much…
The reality is, check fraud shot up a mind-blowing 96% in 2022 according to the...
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...
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...
Last month we heard top things to consider when financial institutions (FIs) are implementing a new P2P payments platform. This month Wade Hobbs, Business Development Manager for Levvel’s Payments practice, went deeper on another important topic - fraud management.
Expanded Predict New Account Risk capabilities from Early Warning® harness shared data to help banks and credit unions fight fraud
New account openings are skyrocketing. Digital banking processes are becoming the norm. And application fraud is wreaking havoc on banks and credit unions.
As the industry landscape continues to shift, fraudsters are successfully exploiting...
Digital account openings are increasing, with 37% of all checking account applications coming through the digital channel in 2022 according to research by Aite-Novarica. But as the industry is shifting to digital, so are fraudsters. Aite’s research...
While media coverage around the danger of P2P payments is escalating, the reality is that Zelle® fraud and scams have materially declined over the last five years relative to the network’s growth. More than 99.9% of over five billion Zelle® transacti...
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 initiating an ACH debit transaction.
Scottsdale, AZ Early Warning Services, LLC, the network owner and operator of Zelle®, today responded to misleading reports of fraud and scams on the Zelle Network®.
Tens of millions of consumers safely use Zelle® every day with more than 99.9% of...
New and emerging banking technologies like same-day ACH offer speed and convenience for consumers. They also open the door to new fraud risks. Seeing a lucrative opportunity for theft, criminals are devising new tools for attacking modern payments...