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.
Behavioral analytics and entity linking come together with risk decisioning in a comprehensive authentication platform
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...
The best inline decisioning solutions will utilize transactional data, historical/behavioral data, and external data from sources like the mobile network providers.
With over 60% of Americans now using digital banking1, financial institutions have had to grapple with how to deliver frictionless, multi-channel customer experiences while still protecting against fraud and account abuse.
Data intelligence enables...
Zelle soars with $806 billion transaction volume, up 28% from prior year
120 million consumer and small business accounts used Zelle® in 2023
Arlington, VA (June 5, 2023) – The BBB Institute for Marketplace Trust (BBB Institute), the educational foundation of the International Association of Better Business Bureaus, is pleased to welcome Zelle® as a new member of its Corporate Trust...
NEW YORK -- Early Warning Services, LLC., the network operator of Zelle®, today announced that in the first half of 2024 the person-to-person payments network reached 143 million enrolled users and helped consumers and small businesses move nearly...
43% of U.S. consumers experienced financial identity theft – application fraud in their name or account takeover (ATO) – in the past two years1.
These attack patterns are a concern for consumers and for financial executives and only part of the...
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.