GIACT Announces Third Consecutive Year of Dramatic Growth

Press Releases

DALLAS– January 17, 2019 – GIACT Systems®, the leader in helping companies positively identify and authenticate customers, today announced three consecutive years of dramatic growth. Since 2016, GIACT has organically increased revenue by 167%; has added more than 550 new accounts, including reseller and strategic alliances; and has invested in talent and innovation by doubling headcount. In 2019, the company will be significantly expanding its Dallas-area headquarters to accommodate an additional 35% growth in its employee staff.

To read the full article, click here

In 2018, GIACT invested heavily in its technology platform, data assets, and analytics team to strengthen its leading position and to enhance its fraud and identity product offerings. GIACT also forged significant new strategic alliances, including PNC Bank, and launched enhanced new solutions including Beneficial ID®, which streamlines the collection of beneficial ownership information and provides KYC and OFAC verification.

“We are proud to report three consecutive years of aggressive growth as we help our customers mitigate risk and grow their revenue. In 2019, we will continue investing in our technology, data solutions, and key staff to ensure we remain on the cutting-edge of stopping identity and payments fraud.”

Melissa Townsley-Solis
Founder & CEO, GIACT

GIACT’s exceptional performance

“Following the escalation of data breaches that continue to increase in frequency and severity, U.S. companies and their customers have become increasingly vulnerable to high rates of identity theft and related fraud losses,” said Dave Foster, CFO of GIACT. “GIACT’s ongoing exceptional performance is indicative of its leadership position and the growing need for GIACT’s solutions that can reliably stop fraud, minimize transaction friction, and improve customer experience.”

GIACT is the only financial technology provider that offers a complete set of enrollment, payment, identity, compliance and mobile solutions easily accessed through its single, customizable EPIC Platform®.

–via PRNewswire

Nacha Provides ACH Network Rules Update
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
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 »