GIACT® Donates Identity and Account Verification Services to the Brave of Heart Fund, Supporting Families of Frontline Healthcare Workers and Volunteers

Identity
Press Releases

DALLAS, July 13, 2020 – GIACT®, the leader in helping companies positively identify and authenticate customers, today announced the donation of its identity and account verification services to the Brave of Heart Fund. Created by the Foundations of New York Life and Cigna, the Fund provides charitable financial and emotional support to the families of frontline healthcare workers and volunteers who lose their lives in the COVID-19 fight. As the Fund is now accepting applications for grants, GIACT will provide services to verify the identity of impacted family members and confirm the accounts of grant recipients.

The Foundations of New York Life and Cigna have each seeded the Fund with initial investments of $25 million. The New York Life Foundation will continue to match gifts from individuals, dollar-for-dollar, up to $25 million and Cigna is providing behavioral and emotional health support to help families navigate common issues associated with grief, including anxiety, loneliness and depression.

GIACT’s mission is to protect the valuable resources provided by the Fund and help to ensure that the Fund’s distributions go to the intended recipients.

Kimber Johnson
Executive Vice President, Strategic & Client Relations, GIACT

The Fund is administered by E4E Relief, which manages employee relief funds for companies representing over four million people worldwide. E4E Relief, a wholly owned subsidiary of Foundation For The Carolinas, empowers companies and employees to provide and receive meaningful financial relief during disaster and hardship.

“We’re proud to assist the Brave of Heart Fund in supporting the families and loved ones who have sacrificed so much,” said Kimber Johnson, Executive Vice President, Strategic & Client Relations at GIACT. “GIACT’s mission is to protect the valuable resources provided by the Fund and help to ensure that the Fund’s distributions go to the intended recipients.”

GIACT hosts the largest real-time network of identity verification and authentication services. Working with companies of all sizes, and across industries, GIACT helps businesses safeguard the complete customer lifecycle, from enrollments to payments, identity, and compliance.

About GIACT
GIACT® has been helping companies verify valued customers since 2004. From financial to insurance, to retail, to solutions for your industry, GIACT offers customer intelligence for complete payment confidence. As the leader in providing real-time data to help companies mitigate payment risk and fraud, our OFAC screening, ID verification, account verification and authentication, and mobile verification solutions enable you to focus on providing unmatched customer experiences. Since our founding, we’ve processed billions of transactions for our more than 1,000 customers. For more information, visit www.giact.com or call 1-866-918-2409. Follow us on LinkedIn and Twitter.

Nacha Provides ACH Network Rules Update
Enrollments
Nacha Provides ACH Network Rules Update

Organizations increasingly rely on ACH to facilitate payments. To keep users up-to-date, Nacha — who oversees the ACH Network — provides regular updates to its members on new developments, rules and enforcements. To get a preview of what to expect in the next 12 months impacting ACH payments — from micro-deposit verification, increased payment limits, to account validation enforcement — join Nacha’s Director of ACH Network Rules and GIACT (a Refinitiv company) at 1 PM ET Wednesday, June 22 for a complimentary webinar.

Read More »
Whitepaper_Reducing Insurance Fraud Through Enhanced Identity Verification
Identity
Reducing Insurance Fraud Through Enhanced Identity Verification

In the last two months of 2020, two-thirds of home buyers placed bids on properties without ever seeing the home in person. To operate in 2022, mortgage lenders increasingly rely on their online platforms to facilitate home buying and refinancing. While digital identity verification is critical to any online loan application, many mortgage lenders are considering how best to balance customer experience and risk.

Read More »