Application Fraud Prevention
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...

How to Reliably Detect Synthetic Identities and Prevent Spiking Fraud Losses

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...

Dallas Kicks Off Second Year of Consumer Action and Zelle® Consumer Protection Community Advocacy Empowerment Initiative

DALLAS, Texas – Zelle® and Consumer Action launched the second year of their national scam and fraud consumer protection tour in Dallas, bringing hands-on training and resources directly to community leaders working on the front lines of consumer...

4 Ways a Nuanced Account Risk Assessment Strategy Can Help Banks Reduce Fraud and Spur Business Growth

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...

Zelle® Responds to New York Attorney General's Copycat Politically-Motivated Lawsuit
Zelle® released the following statement regarding the politically motivated copycat lawsuit filed by the New York Attorney General.
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