Search

Monthly Archives: November 2017

Posts by Most Recent

  Blog

Industry alert: NACHA warns of risks in C2C ACH Debits

November 28, 2017 by Verafin

NACHA has turned the risk spotlight on Consumer-to-Consumer (C2C — also known as Account-to-Account (A2A) or Peer-to-Peer (P2P)) debit payments again. Over the past six months we have seen a steady flow of warnings within the industry about the dangers... 

  Blog

Finding fraud in fallback transactions

November 20, 2017 by Verafin

Fallback transactions pose a significant danger to financial institutions (FIs) and are something criminals will lean on more heavily as the adoption of chip-enabled cards continues to gather pace. A fallback transaction is the swiping of a chip-enabled card at... 

  Blog

Beneficial Ownership FAQs

November 14, 2017 by Verafin

A lot of digital ink has been spilled concerning the collection of Ultimate Beneficial Owner (UBO) information. Most of the buzz around the FinCEN’s final rule on Customer Due Diligence (CDD) Requirements for Financial Institutions, since it was introduced, rests...