Banks that are elevating customer experience are making it easier to open accounts, transfer money, and make digital payments that are contactless — all while keeping fraud at bay.
It's critical for fraud pros at financial institutions to stay on top of KYC compliance requirements in order to maintain regulatory adherence and keep bad actors out of their system. Here are the top 10 things you need to know about KYC. Whether you...
Fighting Synthetic Identity Fraud – Early Warning selected as SSA’s eCBSV Provider
Early Warning was named as one of the Social Security Administration’s Participants for the new Electronic Social Security number Verification Service
This is an updated blog that was originally published June 27, 2023.
Application fraud prevention is getting a lot of attention from banks and credit unions. For good reason.
Account opening processes are speeding up, much to the delight of consumers...
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...
Customers of about 5,400 financial institutions are using the Zelle Network®, whether it’s through their financial institution’s mobile banking app, or by registering their debit cards in the Zelle® mobile app.
Application fraud prevention isn't what it used to be. Digital account opening processes are now the norm. Fraudsters are exploiting weaknesses in traditional risk assessment systems. And financial institutions (FIs) are struggling to prevent...