Explore this report on the state of synthetic identity fraud to understand the trends, challenges, and countermeasures banks are deploying to fight it.

Dive into the guide for five best practices that will level-up your account opening fraud prevention strategy.

Scottsdale, AZ

 

Acquisition creates real-time payments via banks and credit unions. Early Warning, the leader in fraud prevention and risk management, today announced the completion of its acquisition of clearXchange, the largest financial...

Download the whitepaper to learn how to prevent payment fraud with predictive intelligence.

Scottsdale, AZ

Network Growth: More than 1,800 financial institutions live today – 97% of FIs that joined the Zelle Network® in the last year have under $10 billion in assets.Transactions Climb: Consumers and businesses sent 2.3 billion payments with...

Now providing small and medium financial institutions with proactive account verification

A computer consultant sells his list of more than 700 synthetic identities to two Florida men to steal millions from COVID-19 relief programs. Synthetic identity fraud is the fastest growing financial crime in the U.S. and fraudsters are capitalizing on existing blind spots with traditional fraud risk models. Verify Identity is a new account opening tool built with ID Confidence, a Synthetics Indicator and Verify SSN to help stop bad actors from entering the system.

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.

Download the eBook to understand the common fraud tactics that exploit payments and deposits and how a modern strategy for payments and deposit fraud prevention must keep up with industry changes.