GIACT Systems®, the leader in helping companies positively identify and authenticate customers, today announced the release of a newly commissioned report, The Evolution of New Account Fraud, produced by Javelin Strategy & Research.
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.
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.
GIACT Systems, a leader in helping companies positively identify and authenticate customers, and Equifax, a global data, analytics, and technology company, today announced a strategic alliance that will pair the strengths of both companies to help customers confront the challenges of identity verification and fraud prevention.
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.
For many small businesses struggling to survive the devastating economic impact of the COVID-19 pandemic, the Paycheck Protection Program (PPP) promised a lifeline.
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.
GIACT’s new report, Streamlining KYC: Best Practices in the Collection and Processing of Beneficial Owners, provides clarity around the collection and verification requirements of beneficial ownership.
The increasing sophistication of claims fraud tactics has propelled insurers’ fraud losses to an all-time high. Not only are insurers forced to grapple with steep increases in fraudulent activity, they are also being pressured by their policyholders’ demands for faster claims processing, disbursements, and resolution — as well as minimized policyholder service friction. To stay competitive, insurers need to innovate. Not only updating their policyholder service delivery channels, but also the fraud prevention tools that protect those channels.
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.
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