WEB debit entries continue to increase in popularity and have historically been susceptible to fraud. To combat the rising criminal activity, the rule requires businesses to validate a consumer's bank account information when initiating an ACH debit transaction.
Any organization that offers consumers the ability to pay their bills with their bank account via the web or mobile device must add an additional layer of security before March 19, 2021.
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.
Zelle® and CSN will work together to spread awareness and educate consumers and small businesses on financial fraud and scams.
Payment fraud is nothing new, but the sheer volume and escalation of losses for financial institutions (FIs) year over year is.
Faster payments options like same-day ACH are quick and convenient for consumers, but criminals are taking full advantage...
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...
New synthetic identity fraud detection combines predictive scoring with rules-based solutions.
Scottsdale, AZ
Acquisition creates real-time payments via banks and credit unions. Early Warning, the leader in fraud prevention and risk management, today announced the completion of its acquisition of clearXchange, the largest financial...
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.
At Early Warning, our vision is to bring trust to the financial moments that matter. It’s something we’ve done for over 30 years across all our products and it’s something we’ll continue to do for decades to come.
As Zelle® approaches its 6-year...
For over 30 years, Early Warning has been innovating to move banking forward. Learn more about Early Warning and our products work.
Scottsdale, AZ
Network Growth: More than 1,800 financial institutions live today – 97% of FIs that joined the Zelle Network® in the last year have under $10 billion in assets. Transactions Climb: Consumers and businesses sent 2.3 billion payments...