Archived Webinar

Understanding and Managing Payments Fraud through Consortium-based Data

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Originally Presented: October 27, 2022

Today’s payments ecosystem is rapidly evolving, and financial institutions must continually improve their prevention programs to combat increasingly prevalent scams such as Authorized Push Payment (APP) fraud. With fast, frictionless payments a priority for consumers and business clients, the challenge of managing the growing volume of legitimate transfers while combating increasingly sophisticated payments fraud scenarios may be greater than ever.

In this engaging ACFE webinar rebroadcast, Verafin Product Expert Azin Majidi reviews the latest payment fraud trends gathered from consortium-based data, representing $4T in assets from 2200 institutions in the Verafin Cloud. This special event will also explore the changing liability shift landscape and potential related impacts on your fraud detection and management program.

Highlights include:

  • Evolving Payments Fraud Trends. Learn more about the latest trends in payments fraud, with valuable insights into Authorized Push Payment (APP) fraud, Business Email Compromise (BEC), and elder scams.
  • The Benefits of a Consortium Approach. Learn how a consortium approach enables speed of detection and the benefits inherent in this Verafin approach.
  • The Power of Big Data Intelligence. Understand how Verafin reduces false positives, increases your payee confidence, and improves alert quality by analyzing billions of transactions weekly in the Cloud.

Tagged as...

  •   ACH Fraud
  •   Payments Fraud
  •   RTP Fraud
  •   Wire Fraud

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