Fintech News

MARCH 11, 2025

The Visa Scam Disruption (VSD) team employs a three-pronged approach to scam mitigation: scam intelligence, proactive investigations, and detection and disruption. One of the largest scams uncovered by Visa involved fraudulent identity verification schemes.

Scams 111

Scams Blocks Law Enforcement Laws 111

PYMNTS

JUNE 20, 2019

Data analytics company Equifax is teaming up with identity verification solutions provider GIACT Systems to help joint corporate customers mitigate the risk of fraud. Whether it’s protecting enrollment and payments, or assisting customers to meet regulatory requirements, GIACT is committed to ongoing protection and support.”

Enrollments 49

Enrollments Fraud Prevention Mitigation Compliance 49

PYMNTS

AUGUST 24, 2017

There’s much to look forward to as the September rollout of Phase 2 of Same Day ACH (Debit Pull) looms, but David Barnhardt, executive vice president of full-service payment and verification solutions provider GIACT , thinks there’s just as much reason for caution. “I I think people are going to slowly fill it out.”. Leave Legacy Behind.

Same Day ACH 46

Same Day ACH ACH Enrollments Verification 46

PYMNTS

JULY 11, 2019

Identity verification solutions provider GIACT Systems has announced the launch of gOFAC Monitoring, a new Office of Foreign Assets Control (OFAC) compliance solution to eliminate false positives and boost compliance processing. The solution is offered through GIACT’s EPIC Platform.

OFAC 51

OFAC Compliance Enrollments Fraud Prevention 51

PYMNTS

JUNE 27, 2017

In this week’s Commander in Chief series, PYMNTS talks with mobile capture and identity verification company Mitek Systems ’ CEO James DeBello about what moves the ball for the mobile industry. JB: More recently, we recognized a growing global need for mobile identity verification solutions. JB: Innovation often means taking a risk.

Innovation 58

Innovation Verification AML Money Laundering 58

PYMNTS

JULY 15, 2020

Gary Cantrell , deputy IG, Department of Health and Human Services’ Office of Investigations (OI), told CBS, “One of our most important missions is to mitigate that vulnerability as quickly as possible. And that means communicating with those individuals who oversee the systems.”

Data Breach 58

Data Breach CCPA Breach Social Security 58

FICO

JANUARY 11, 2021

Because humans are involved, the thoroughness of document verification varies based on the person performing this manual process. The goals of a successful, comprehensive identity verification program include: Increase legitimate bookings of new accounts by reducing friction during the application through risk management tools.

Online and Mobile Banking 52

Online and Mobile Banking Authentication Identity Theft Account Takeovers 52