Fighting Fraud Together: Early Warning Services, the Company Behind Zelle® and Paze, Responds To OCC, Fed, and FDIC RFI

WASHINGTON – Early Warning Services, LLC, founded to unite banks and credit unions in the fight against financial fraud, submitted a comment letter yesterday responding to the Office of the Comptroller of the Currency (OCC), Federal Reserve Board...

Modernize Your Payments Fraud Mitigation Strategy

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...

Zelle and LAFC “Saves for the Community” program raises over $100,000 for Latinos for Education

LOS ANGELES -- Zelle® and Los Angeles Football Club (LAFC) today announced that the LAFC “Saves for the Community” program raised $102,000 this year for Latinos for Education. As a partner in LAFC’s 2024 regular season, and as part of its ongoing...

S.A.F.E. Squad to the Rescue! Zelle® and Christina Ricci are Back to Educate Consumers on Financial Crime

NEW YORK -- With the holiday season in full swing, Zelle® today announced the return of its Scam and Fraud Elimination (S.A.F.E.) Squad campaign featuring actor and producer, Christina Ricci. In its second year, S.A.F.E. Squad is a content series...

Nacha’s New Operating Rules Changes: A Practical Guide for Financial Institutions
ACH Payments Fraud is on the Rise: How to Use Big Data Analytics to Prevent Costly Attacks

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...

Part 4: Levvel Shares Top Architecture Considerations for Zelle®
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.
How to Reliably Detect Synthetic Identities and Prevent Spiking Fraud Losses

Synthetic identity fraud losses rose to an estimated $20 billion in 2020—spiking sharply from an estimated $6 billion in 20161. One of the fastest growing financial crimes in the U.S., synthetic identity fraud is now one of the nation’s leading...

Overcome Your Identity Verification Challenges - eBook

Blog originally published December 12, 2022

Download the ebook

Are your identity verification tools keeping up with today’s quickly evolving threats like synthetic identities and helping your financial institution deliver a great applicant experience...

Smarter, Faster Account Opening: Application Fraud Detection Strategies for Financial Institutions
Learn how to leverage deep data intelligence for successful application fraud detection and prevention.
Detecting and Preventing Fraud with Data Analytics: A Consortium Approach
Using Data to Mitigate Risk: What You Need to Know About 'FCRA' and 'Non-FCRA' Solutions

This blog was originally published 5/22/2024 and has been updated

Consumer demand for fast and easy banking processes has never been higher. Whether customers are opening new accounts, making digital payments, or applying for credit, financial...

Zelle and National Council on Aging Partner to Help Older Adults Recognize and Combat Scams

ARLINGTON, VA—As World Elder Abuse Awareness Day (WEAAD) approaches on June 15, Early Warning Services, LLC, the company behind Zelle®, and the National Council on Aging (NCOA) are launching a national campaign to educate and empower older adults...