Payments
The Paycheck Protection Program: Preparing for Round Two
For many small businesses struggling to survive the devastating economic impact of the COVID-19 pandemic, the Paycheck Protection Program (PPP) promised a lifeline.
For many small businesses struggling to survive the devastating economic impact of the COVID-19 pandemic, the Paycheck Protection Program (PPP) promised a lifeline.
Consumers continue to demand robust online and mobile channels for everything from enrollments to transacting and more. Firms must bolster their NAF prevention tools while simultaneously developing their digital service capabilities.
GIACT®, the leader in helping companies positively identify and authenticate customers, today announced a new report, U.S. Identity Theft: The Stark Reality, developed by Aite Group, and underwritten by GIACT, that uncovers the striking pervasiveness of identity theft perpetrated against U.S. consumers and tracks shifts in banking behaviors adopted as a result of the pandemic.
GIACT’s new report, U.S. Identity Theft: The Stark Reality, developed by Aite Group and underwritten by GIACT, uncovers the striking pervasiveness of identity fraud perpetrated against U.S. consumers, tracking pandemic-related shifts in banking behaviors.
Many consumers fear becoming victims of identity theft, and rightly so.
During the past two years, 47% of U.S. consumers have been victims of their identities being used to open some type of new account or file for benefits without their consent, or had an existing account taken over by a fraudster, with an estimated 42% increase in identity-related losses.
GIACT’s new report, Nacha’s 2021 Account Validation Rule: A Push for Stronger Anti-Fraud Solutions, details the potential challenges facing WEB debit payment originators as the new Nacha rule requiring proper account validation became effective on March 19, 2021.
With the recent acquisition of GIACT, Refinitiv adds fraud prevention capability to its risk and compliance solutions, building a comprehensive platform to address fraud, identity theft, money laundering, and payment-related crime.
In this session, our panelists explore new and emerging trends in fraud, and how to identify and combat common vulnerabilities through a combination of advanced risk solutions.
GIACT’s new report, Understanding Account Takeover 2021, discusses the impact of account takeover (ATO) on more than one third (38%) of U.S. consumers.
This upcoming tax season represents the most challenging to date for those responsible for issuing 1099s, W-2s and other tax documents. With so many Americans having moved during the pandemic – almost 16 million between February and July of 2020 alone, according to the USPS – keeping up-to-date on the whereabouts of your employees and customers will require significant effort.
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