Discover how banks and credit unions can combat the top 5 payment fraud trends
Picture this: a fraudster writes a check for $5,000 from his account at a credit union and walks over to his local branch of a nationwide bank, depositing the check by scanning it in at the ATM. It’s a large check, so the bank makes half of the funds...
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 move...
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.
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Dive into the guide for five best practices that will level-up your account opening fraud prevention strategy.
Payment fraud detection is difficult to perfect. It’s a slippery form of fraud that shifts its shape as new technologies emerge. Indeed, criminals are relentless in their pursuit to steal funds via unauthorized payments—continuously innovating new...
Learn how Early Warning can help your FI use big data and predictive analytics to say goodbye to bank deposit fraud
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...