Author: Nikole.Thompson

Assessing Credit Risk: The Five-Step Risk Management Process

In the world of finance, prioritizing risk management is crucial. The evaluation of risk involves identifying potential hazards, how likely they are to happen, and how you can best prevent them. When lenders are evaluating the risk associated with credit, the ultimate goal is to see how likely it is that the consumer will repay […]

Six Factors to Consider in Determining Customer Risk

According to the 2024 AFP Payments Fraud and Control Survey Report, 80% of organizations were victims of payments fraud attacks/attempts in 2023, a 15-percentage point increase over the previous year. It’s like going on a date only to find out your match is a catfish! Even more alarming – 30% of these organizations failed to recover […]

Why You Shouldn’t Sleep on Complying with Nacha’s WEB Debit Rule

Consumers today want instant gratification, particularly in the post-pandemic reality of having everything delivered to their doorstep on demand. To keep pace, payments were also required to evolve.  However, fraudsters were neither sidelined nor caught off guard with this evolution. Instead, fraudsters too have evolved with their schemes, techniques, and technology becoming more and more […]

Account Validation: A guide to Web Debit Compliance

Account verification is required for maintaining compliance with Nacha’s WEB Debit Rule. ValidiFI® developed a guide on the various methods of account validation to help ensure you meet these requirements. The Web Debit Account Validation rule, effective since March 19th, 2021, requires ACH originators to use a “commercially reasonable fraudulent transaction detection system” to screen for fraud prior to […]

Nacha Announces ValidiFI® as a Preferred Partner for Account Validation

ValidiFI® is now a Nacha Preferred Partner for Account Validation. In becoming a Preferred Partner, ValidiFI joins a select group of innovators that Nacha recognizes for offering products and services that align with Nacha’s core strategies to advance the ACH Network. “The ACH Network – supported by financial institutions, preferred partners and many others – plays […]