Unrivaled growth in 2024 underscores the network’s position as a trusted, vital, and valued financial tool for 151 million enrolled user accounts
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.
The BBB Institute for Marketplace Trust (BBB Institute), the Better Business Bureau’s® educational foundation, is partnering with Zelle® to deliver a campaign focused on empowering people to spot the signs of payment scams. The campaign (BBB.org/Red-Flags) is live now and will run through the fall.
Expanded Predict New Account Risk capabilities from Early Warning® harness shared data to help banks and credit unions fight fraud
Seventy-one percent of financial professionals reported that their organizations were impacted by payments fraud in 20211.
The good news? That’s the lowest level reported since 2014. After reaching a record high in 2018 and 2019 (with 80 percent of...
Synthetic identity fraud losses rose to an estimated $20 billion in 2020—spiking sharply from an estimated $6 billion in 20161. One of the fastest growing financial crimes in the U.S., synthetic identity fraud is now one of the nation’s leading...
Learn more about Nacha’s updated rules and regulations going into effect starting in 2024.
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...