ACH Payments Fraud is on the Rise: How to Use Big Data Analytics to Prevent Costly Attacks

Seventy-one percent of financial professionals reported that their organizations were impacted by payments fraud in 20211.

 

The good news? That’s the lowest level reported since 2014. After reaching a record high in 2018 and 2019 (with 80 percent of...

3 Key Ingredients for Your Payment Fraud Detection Strategy

Payment fraud detection is difficult to perfect. It’s a slippery form of fraud that shifts its shape as new technologies emerge. Indeed, criminals are relentless in their pursuit to steal funds via unauthorized payments—continuously innovating new...

Helping Corporate Customers Mitigate Fraud: How Financial Institutions Are Planning for the Rise in Real-Time Payments and Disbursements

by Eric Foust

 

The COVID-19 pandemic spurred large corporations and small businesses alike to double-down on their plans for adopting real-time payments. It also created a prime opportunity for financial criminals. Indeed, faster payments mean...

Fraud Prevention in Banks: 5 Payments Fraud Trends and How to Combat Them
Discover how banks and credit unions can combat the top 5 payment fraud trends
Part 3: Levvel Shares Top Fraud Management Tips When Integrating Zelle®
Last month we heard top things to consider when financial institutions (FIs) are implementing a new P2P payments platform. This month Wade Hobbs, Business Development Manager for Levvel’s Payments practice, went deeper on another important topic - fraud management.
Modernize Your Payments Fraud Mitigation Strategy

New and emerging banking technologies like same-day ACH offer speed and convenience for consumers. They also open the door to new fraud risks. Seeing a lucrative opportunity for theft, criminals are devising new tools for attacking modern payments...

Part 2: Levvel Shares Top Things to Consider When Integrating Zelle®
The best inline decisioning solutions will utilize transactional data, historical/behavioral data, and external data from sources like the mobile network providers.
5 use cases for combating deposit and payment fraud in real-time
Early Warning Releases Statement Regarding Recent Reports of Fraud and Scam Rates

Scottsdale, AZ Early Warning Services, LLC, the network owner and operator of Zelle®, today responded to misleading reports of fraud and scams on the Zelle Network®.

Tens of millions of consumers safely use Zelle® every day with more than 99.9% of...