Benjamin Ayer, Author at GIACT

Payments

The Dark Side of Faster Payments: Protecting your Customers from Emerging Threats

Faster Payments is quickly becoming a reality in the U.S. for multiple use cases, ranging from person-to-person (P2P), to corporate disbursements (B2C), and much larger B2B transactions. While the transition to faster payments is a positive development for both businesses and consumers, it carries significant and hidden risks.

Identity

Best Practices to Reduce Identity and Payments Fraud in the Education Sector

Fraud schemes, including phishing attacks, ACH fraud, and other payment schemes, have cost schools and universities millions in losses. And with newer, more sophisticated fraud tactics being brought to bear, there’s more to come.

Enrollments

Mitigating Utility Fraud with Secure Customer Enrollment

To streamline the enrollment process, while reducing the potential for fraud, GIACT, a Refinitiv company — the leader in helping companies positively identify and authenticate customers — released a new white paper Mitigating Utility Fraud with Secure Customer Enrollment, detailing the best practices in digital enrollment.

Enrollments

Mitigating Healthcare Fraud with Secure Patient Enrollment

Deficient patient enrollment can result in serious financial and legal repercussions, including instances of medical identity theft and compliance issues. And with more healthcare data available to bad actors, fraud is at an all time high.

Payments

Post-Equifax breach, enrollments are the front line in the fraud fight

In the wake of the Equifax breach, fraudsters now have 143 million new tools at their fingertips to explore new avenues of payments fraud, particularly when it comes to new account enrollments, account takeover and synthetic identity-based fraud. The impact of this breach will be felt for years to come. Millions of consumers are being placed at risk for the indefinite future, perhaps for the rest of their lives.

Payments

GIACT Report Details Risks of Same Day ACH Debits to Faster Payments

GIACT, a Refinitiv company, today announced that it has added a global consumer and business identity verification solution, gIDENTIFY® Global, to its EPIC Platform. gIDENTIFY Global represents a significant advancement in global identity verification, allowing U.S. organizations to validate non-U.S. persons across 38 countries and businesses across 11 countries, respectively.

Payments

Same-day ACH requires processing precision that eludes most companies

Beginning September 15, same-day ACH Debits will become a reality for financial institutions, payments providers, businesses, and consumers. Despite this looming transition, the majority of organizations are not prepared for offering this new service to their customers.

Identity

GIACT Announces Growth Investment by Tritium Partners

GIACT announced a majority investment by Tritium Partners to accelerate its growth. The investment will allow GIACT to advance its leading fraud prevention data services and to broaden its customer and partner relationships. Additional terms were not disclosed.

Identity

Faster Payments Need Faster Identity Verification

It’s been said that faster payments lead to faster fraud, but what if identity verification and authentication technology become faster, too? More importantly: What if they become stronger?

According to David Barnhardt, CxO at GIACT, this is what must happen to thwart faster fraud.

Compliance

GIACT Issues Report on FinCEN’s Beneficial Ownership Regulation

GIACT Systems®, the leader in helping companies positively identify and authenticate customers, today announced the release of a report, Streamlining KYC: Best Practices in the Collection and Processing of Beneficial Owners, detailing compliance specifics and best practices around beneficial ownership.

Use Cases

Solutions

Insights

Refinitiv Introduces Digital Onboarding Solution to Help Businesses Accelerate Secure and Frictionless New Customer Onboarding

Fraud at Enrollment: The Impact of Application Fraud

Nacha Provides ACH Network Rules Update

Refinitiv combines GIACT’s EPIC Platform with World-Check to help protect the consumer lifecycle

Safeguarding Faster Payments: KYC, Account Validation Compliance and Best Practices

The Paycheck Protection Program: Preparing for Round Two

US Open Banking: Shifting Customer Journeys In An Emerging Ecosystem

LSEG Partners With Mastercard to Enhance Digital Identity and Fraud Solutions for Customers

34% of U.S. consumers were targeted by scams in 2021, Aite-Novarica Group consumer survey finds

Addressing Sanctions, Compliance and Risk with Refinitiv World-Check

Nacha’s Account Validation Rule: A Push for Stronger Anti-Fraud Solutions

Refinitiv successfully completes acquisition of GIACT

Benjamin Ayer

The Dark Side of Faster Payments: Protecting your Customers from Emerging Threats

Best Practices to Reduce Identity and Payments Fraud in the Education Sector

Mitigating Utility Fraud with Secure Customer Enrollment

Mitigating Healthcare Fraud with Secure Patient Enrollment

Post-Equifax breach, enrollments are the front line in the fraud fight

GIACT Report Details Risks of Same Day ACH Debits to Faster Payments

Same-day ACH requires processing precision that eludes most companies

GIACT Announces Growth Investment by Tritium Partners

Faster Payments Need Faster Identity Verification

GIACT Issues Report on FinCEN’s Beneficial Ownership Regulation

Use Cases

Solutions

Insights

About