PYMNTS

DECEMBER 9, 2020

9) that it’s successfully completed its acquisition of GIACT and has expanded its suite of products for fraud prevention and identity verification. GIACT’s real-time payment analytics are a great addition to our existing strength in anti-money laundering and digital identity verification,” he said, according to the release. “We

Fraud Prevention 80

Fraud Prevention Money Laundering Due Diligence Monetary Loss 80

The Payments Association

FEBRUARY 10, 2025

The issue of fraud is growing in the UK, with the average monetary loss per corporate fraud case being 21,433 in Q2 2023 , the highest among all fraud types. As part of the Act, Companies House reforms are introducing stricter identity verification and company registration processes to reduce corporate fraud.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

Stax

NOVEMBER 27, 2023

Of course, financial criminal activity doesn’t have to just lead to monetary loss—it could also lead to a data breach of customer information. Introduce the customer identification program (CIP) Basically, the CIP requires that companies get four pieces of identifying information about their client for identity verification.

Due Diligence 88

Due Diligence Money Laundering AML Financial Crimes 88

EBizCharge

JULY 23, 2024

The repercussions of such incidents extend beyond monetary losses to one’s economic reputation and legal ramifications. Customer verification: Verification services can alert businesses that the check initiator’s account has sufficient funds before accepting a bad check, thus avoiding situations of insufficient funds.

Returns 52

Returns Checks Direct Deposit Electronic Funds Transfer (EFT) 52