Now providing small and medium financial institutions with proactive account verification
Parent company of Zelle outlines plans to bring simplicity and security consumers enjoy in their banking app to cross-border payments
Nearly 1700 financial institutions (FIs) signed on to the Zelle Network®, representing 74% (577 million) of all U.S. DDA accounts
Credit unions and banks under $10 billion in assets are driving growth, representing 40% of FIs in the Zelle Network®
Small businesses and consumers sent 436 million payments worth $120 billion with Zelle® in Q2 2021
Consortium Data Sharing: A Valuable Tool in Fighting Fraud and Abuse explores the benefits and considerations of the use of consortium data in fraud prevention.
Check fraud is growing at a shocking pace. In 2022, banks filed 680,000 check-fraud reports—nearly doubling the 350,000 reports filed in 2021.1
While check fraud is an age-old threat, its resurgence is catching even the most forward-thinking financial institutions (FIs) off guard.
In this guide, we explore what check fraud looks like in the age of digital banking, the impact on banks and credit unions and effective check fraud prevention best practices.