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.
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.
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.
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