Combating ACH Fraud with a Consortium Approach

September 24, 2024 by Nasdaq Verafin

The Automated Clearing House (ACH) payment rail has seen significant growth, with the NACHA network processing 30 billion payments valued at $76.7 trillion in 2022, up 3% and 5.6% respectively over 2021. This growth has gained unwanted attention from fraudsters,... 

Combating Payments Fraud with Consortium Analytics

September 12, 2024 by Nasdaq Verafin

In 2023, losses to payments fraud scams totaled hundreds of billions of dollars worldwide. An evolving challenge, it has proliferated across multiple payment rails as criminals exploit the inherent weaknesses of these channels, manipulating customers through social engineering, and exploiting... 

Enhanced Payments Fraud Detection using Consortium Analytics

Payments fraud is changing. Fraudsters are focusing their efforts on having your customers send a payment, rather than do it themselves. The result is an... 

Fight Payment Fraud & Adapt to Shifting Fraud Liability

Preventing Payments Fraud

July 24, 2024 by Colin Parsons

In 2023, losses from payments fraud scams totaled $485.6B worldwide. With a perfect scenario of high-value transactions combined with a narrow window of opportunity for institutions to intervene, payments fraud scams will only continue to challenge financial institutions unless our... 

Pushing Back: The UK’s Response to Authorized Push Payment Fraud

July 17, 2024 by Nasdaq Verafin

On October 7, financial institutions and regulators around the world will be watching closely as the United Kingdom (UK) embarks on a new frontier of fraud mitigation and consumer protections.   In a global economy experiencing increasing bank and consumer fraud... 

Payments Fraud: Collaborating to Combat an Industry Challenge

Financial institutions are struggling to stay ahead of evolving scams on multiple payment rails, from wire to ACH, instant payments and check, with criminals leaning... 

Instant Payments Fraud Detection for TCH RTP® and FedNow Service

Fraudsters are eager to exploit the speed and convenience of instant payment channels for their gain. Discover Verafin’s Instant Payments Fraud solution for TCH RTP®... 

Romance & Relationship Fraud: Experts Answer Your Questions

Download the slide deck from our Q&A session with Fraud Awareness & Victim Support Advocate Debby Montgomery Johnson and Colin Parsons, Head of Fraud Product... 

Romance & Relationship Fraud: Experts Answer Your Questions

Originally Presented: May 15, 2024

Fraud Awareness & Victim Support Advocate Debby Montgomery Johnson and Colin Parsons, Head of Fraud Product Strategy at Verafin, answer audience questions on romance scams...