Benjamin Ayer

Verifying Account Identity in the Age of Real-Time Payments
Identity
Verifying Account Identity in the Age of Real-Time Payments

NACHA, the Electronic Payments Association overseeing the ACH network, changed its Operating Rules governing account ACH payments. According to the rules, originators of WEB debit entries are required to use a “commercially reasonable fraudulent transaction detection system” to screen for fraud.

Read More »
The Evolution of New Account Fraud
Enrollments
The Evolution of New Account Fraud

According to a newly released white paper, commissioned by GIACT, and produced by Javelin Strategy & Research, new account fraud (NAF) is evolving. Fraudsters have piled into the digital channel and, with years of experience under their belts, they are diversifying their targets and tactics.

Read More »
GIACT® Announces Automated OFAC Monitoring Product
Compliance
GIACT® Announces Automated OFAC Monitoring Product

GIACT Systems®, the leader in helping companies positively identify and authenticate customers, today announced the launch of gOFAC Monitoring – GIACT’s new OFAC compliance solution that eliminates false positives and accelerates compliance processing.

Read More »
Nacha Announces GIACT® as a Preferred Partner for Account Validation
Enrollments
Nacha Announces GIACT® as a Preferred Partner for Account Validation

GIACT® is a new Nacha Preferred Partner for Account Validation. Nacha Preferred Partners are a select group of innovators that contribute to Nacha’s strategic efforts in support of the payments ecosystem by removing friction, increasing ease, improving cash flow accessibility and efficiency, as well as supporting sound risk management and security for ACH payments.

Read More »