Five things financial institutions need to know about consortiums and data-driven fraud detection

Partnership enables community financial institutions to offer Paze; Star One Credit Union among the first to launch

Early Warning Services, LLC, has announced the appointment of Cameron Fowler as Chief Executive Officer. Beginning on October 2, Fowler will assume day-to-day leadership of the company.

Ally Bank, Bank of the West and BECU are among banks and credit unions that will access the newly launched service via Fiserv

Financial institutions are facing intense competition from both fintechs and traditional players, putting downward pressure on the revenue they generate from mass-market consumers. Curinos’ new report Zelle® Usage Drives Customer Engagement explains “as digital channels become a larger source of new customers, banks find that engagement levels and revenue contribution of these customers are far lower than their existing, branch-originated counterparts.”

A quick reference guide to the new Nacha Operating Rules changes for RDFIs.

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.