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Are you looking to enhance your fraud strategies in 2025? Join Equifax at the Fiserv Client Conference to examine the multifaceted nature of eCommerce fraud and learn how real-time fraud monitoring and multi-factor authentication can help protect your bottom line. #fraud #creditunions

Integrate instant payments while combating the rising threat of fraud. In this article, read about fraud prevention strategies, the top use cases and monetization opportunities for instant payments, and more. #instantpayments #fraud #payments

Here's a new report from Javelin Strategy & Research colleague Jennifer Pitt out of our Fraud Management practice: Among fraud losses, check fraud ranks the highest within several financial institutions. Paper checks—containing an abundance of valuable sensitive information—are prime targets for criminals who can easily alter and deposit them or use the information to commit identity fraud. Most consumers victimized by check fraud tend to fall into a specific category—older, low-income, with little access to or use of digital banking channels. Fraud teams, working collaboratively with commercial and retail banking teams, can combat the check fraud epidemic by expanding how they identify and protect the consumers most likely to be plagued by check fraud. https://lnkd.in/gUiuBRkV #fraud #checkfraud #identityfraud

Online Fraud is SNOW-laughing matter: Last year the UK saw online fraud totalling nearly half a billion pounds take place online, 75% of which originated on social media platforms. We put together some of the key statistics: • Authorised Push Payment fraud cost UK Banks and customers £485m in 2022 • Out of all online fraud cases, 75% occurred on a social media platform. • 1 in 10 Britons have been a victim of fraud in the last 12 months • 1 in 5 victims lost £1000 or more While there have been significant strides to combating online fraud with the enactment of the #OnlineSafetyAct and the newly formed #OnlineFraudCharter, social media platforms need to be doing more to ensure the safety of their customers during this festive period. Using an identification solution such as OneID®’s bank verified Identification can prevent fraud before it happens by ensuring users of these platforms know exactly who they are talking too. For more information, see our latest article on combatting online fraud: https://hubs.la/Q02cPtxQ0 #Innovation #IdentityVerification #FraudPrevention #OnlineSafetyAct

📈 Fraud Alert: Safeguarding Your Business from Check Fraud 📈 In today’s business world, paper checks remain a popular payment method, making them an increasing target for fraud—particularly mail check fraud. At CommerceOne Bank, we are relentless in our commitment to providing solutions that protect your business. One of the best defenses we recommend is Positive Pay. This essential service helps verify the legitimacy of each check presented and reject unauthorized payments before losses occur. 💡 Think about it: Each time a check changes hands, your routing and account numbers are exposed, creating opportunities for theft, counterfeiting, and fraud. Positive Pay is an extra layer of protection to keep your business safe. 🔒 Stay secure. Add Positive Pay to your treasury services today. It’s one of the most powerful tools to fight fraud, short of going paperless. And at CommerceOne, it’s a service we’re proud to offer at no extra cost. For the full article from @American Banker click the following link: https://lnkd.in/eJkJPwZ4 Ready to safeguard your business? Our team is here to help you implement this critical fraud prevention service. Let’s talk! #C1B #FraudPrevention #BusinessBanking #CommerceOneBank #TreasuryManagement #PositivePay

International online payments fraud can be easily missed if you don't know what to look for. Enhance your fraud controls with our team of global experts and algorithm-based fraud management engine to ensure your brand stays on top of evolving risks in the global marketplace. Learn about our fraud solutions 🌎 https://hubs.la/Q02jVwLC0 #onlinepaymentsfraud #fraud #MerchantofRecord #fraudcontrols

Are you looking to enhance your fraud strategies in 2025? Join Equifax at the Fiserv Client Conference to examine the multifaceted nature of eCommerce fraud and learn how real-time fraud monitoring and multi-factor authentication can help protect your bottom line. Casey Zenner

According to the 2024 AFP Payments Fraud and Control Survey Report, there has been a 65% increase in organizations targeted by payments fraud between 2022 and 2023. With payments fraud an increasing priority for governments, banks and corporates alike, my colleague @Stephanie Modar has written an article exploring the key considerations that businesses should be aware of when fighting payments fraud. Please see the full piece here. https://ow.ly/el3k30sGgci #paymentsfraud #bny #fraudsafety

The increased time to investigate following the suspicion of fraud correlates very well with the work we are doing to support the classification of high risk customers and ongoing activity monitoring. With our data suggesting the median "time to mule" being 8 months since the point of application, there is an imperative to close the intelligence gap. Many of our retail current account customers are taking advantage of this. Read our blog here: https://lnkd.in/dkV2pbBj

What Should Merchants Do If They Suspect Credit Card Fraud At Their Business? Fraud is up 46% year over year. In case of suspected fraud, recommended steps include isolating compromised systems, notifying payment processors, preserving evidence, reporting to law enforcement, and informing affected cardholders. Strengthening security measures, staff education, real-time transaction monitoring, and discreet customer information verification are proactive strategies suggested to lower the risk of fraud. The collaborative effort between merchants, payment processors, and law enforcement is crucial for effectively detecting and responding to fraudulent activities, minimizing losses, and safeguarding businesses and customers. https://lnkd.in/d4K3P_Fm #payments #fraud