Customer fraud protection products for banks and credit unions

Using Intelligent Automation in the Fight Against Fraud

Posted by Deborah Peace on Oct 10, 2018 9:30:00 AM

Download ACH Alert’s whitepaper, “Transform Treasury Management with Actionable Fraud Prevention Solutions.”

PwC reports that over the past year, instances of fraud within the financial sector have increased by 130 percent. As fraudsters continue to evolve and seek new ways to steal financial information and funds, account holders want more than a basic banking platform that grants visibility over transactions – they need a detection and prevention tool that enlists their participation in combatting fraud. Banks and credit unions should consider implementing a modern, actionable online banking system that empowers account holders to take action in fighting unauthorized activity.

By directly involving account holders in the fight against unauthorized activity, financial institutions can transform their treasury management systems into a driving force for success. Here are some things to consider when your financial institution is selecting a fraud prevention solution:

Read More

Topics: Treasury Management

Improving the Customer Experience with Self-Service Fraud Prevention

Posted by Deborah Peace on Oct 3, 2018 9:30:00 AM

Check out ACH Alert’s latest whitepaper, “Transform Treasury Management with Actionable Fraud Prevention Solutions.”

Javelin’s 2018 Identity Fraud Study revealed that a record number of U.S. consumers fell victim to fraud last year - 16.7 million to be exact – with the amount stolen totaling $16.8 billion. After a fraud attempt, account holders may question their financial institution’s ability to keep their funds safe, so banks and credit unions, especially those seeking rapid growth, must take action to combat fraud swiftly and effectively or risk losing account holders to competitors.

Read More

Topics: Treasury Management

Don’t Let an Outdated Treasury Management Solution Limit Your Institution’s Growth Potential

Posted by Deborah Peace on Sep 26, 2018 9:30:00 AM


Inevitably, the vast majority of financial institutions will experience payments fraud. Among this year’s AFP Payments Fraud Survey of nearly 700 treasury and finance professionals, a record high of 78 percent of organizations fell victim to payments fraud last year. Banks and credit unions are long overdue in giving account holders what they want and need – to eliminate time-consuming, antiquated fraud prevention processes and replace them with actionable online banking systems that empower account holders to both detect and respond to suspicious activity before the funds ever leave their account.

Read More

Topics: Treasury Management

Why Layered Security is Key to Unlocking New Sources of Non-Interest Income & Preventing Online Banking Fraud

Posted by Deborah Peace on Sep 19, 2018 11:12:00 AM

In 2017, 6.64 percent of consumers became victims of identity fraud, an increase of more than one million victims compared to the previous year, according to research from Javelin. This statistic highlights the growing number of threats that today’s account holders constantly face when it comes to security. Battling payments fraud, identity theft, account takeovers and email scams is no easy task and there is no silver bullet solution that will totally eliminate these threats. Instead, financial institutions must implement layered security measures that leverage different technologies to truly protect account holders and the Federal Financial Institutions Examination Council agrees.

Read More

Topics: Online banking fraud

The Cure for Corporate Account Takeover

Posted by Deborah Peace on Sep 12, 2018 9:30:00 AM


As Corporate Account Takeover swiftly rises (read Part 1 here), traditional protection strategies are not enough. Verifying all transactions between a financial institution and its business client through manual processes would be a daunting and practically impossible task, not to mention cost-prohibitive for most institutions. Today, multi-dimensional, preemptive strategies are critical to mitigating this growing threat.

However, one major question posed is where does the responsibility for online banking security lie?

Read More

Topics: Account Takeover

Subscribe To Our Blog

Recent Posts

Recent White Papers
Download White Paper Layered Security How Much is Enough?
Download White Paper     Corporate Account     Takeover