Remove Fraud Prevention Remove Good Funds Remove Verification
article thumbnail

Why Real-Time Payments Need Real-Time Trust

PYMNTS

One way around that — and to help pave the way for even more digital payments, especially in the B2B world , where paper still has a commanding role — is to offer reassurances, which often boil down to authentication and verification, and doing so in real time. In short, the technology provides evidence of good funds to support a transaction.

article thumbnail

Using Online, Social Data To Make ‘Thin Files’ Thick

PYMNTS

Socure found that while an individual who belongs to no social networks brings a fraud risk of 22.9 Step Two: Demonstrate the effectiveness of a fraud model that relies upon social data based on a supervised learning approach to identity verification. percent, that number drops by 5.7