Mitigating the high costs of payments fraud

Criminals are seizing new opportunities to exploit gaps in traditional fraud prevention tools. Using tactics like ACH fraud, account takeovers and scams involving authorized payments—fraudsters are stealing funds before they can be detected, causing significant losses for financial institutions (FIs).

Predictive intelligence, supported by consortia data, offers a more effective approach by analyzing account data from across institutions. These predictive models can quickly identify suspicious patterns and anomalies, allowing FIs to flag and inspect potentially fraudulent check and ACH transactions before they cause harm.

Download our whitepaper “Mitigating the high costs of payments fraud: The role of predictive analytics in fraud prevention” to learn more.