Tag: Fraud

How Alternative Data is Redefining Credit Risk Assessment

Insights from John Gordon, CEO of ValidiFI, on PayPod: The Payments & Fintech Podcast  In a recent episode of PayPod: The Payments & Fintech Podcast, ValidiFI CEO John Gordon shared how alternative data is reshaping how lenders assess credit risk—and why it matters for the future of financial inclusion.   The Limits of Traditional Credit Scoring  […]

How ValidiFI is Positioned to Meet Nacha’s Upcoming Rule on WEB Debits and Fraud Monitoring

As we move closer to March 2026, the National Automated Clearing House Association (Nacha) is set to implement a new rule addressing fraud prevention and monitoring for WEB debit transactions. This rule will require financial institutions (FIs) and third-party payment providers to take more proactive steps in detecting and mitigating fraud before it impacts consumers […]

Why ACH is Becoming a Smarter Choice Over Credit Cards

Credit Card Fraud is Rising—Is It Time to Rethink How We Pay and Receive Payments?  Warren Buffett, one of the most respected investors in history, has a straightforward piece of financial advice: before investing, pay off your credit card debt. As he put it, “I can’t make 18% return”—a reference to the high interest rates […]

Bank Account Intelligence: The New Frontier in Fraud Prevention and Credit Decisioning

Unlocking Insights from Bank Account Data—Q&A with ValidiFI CEO John Gordon A bank account provides a direct window into a consumer’s or business’s financial behavior. With the right tools, lenders and payment service providers can leverage this data to enhance fraud detection, improve credit decisioning, and optimize payment processes. This concept, known as “bank account […]

5 Surprising Fraud Elements Organizations Should Assess—but Many Aren’t

Fraud is becoming more sophisticated, and fraudsters continue to exploit overlooked gaps in traditional validation processes. While many organizations rely on standard checks like identity verification and payment validation, there are critical risk indicators that often go unnoticed. By assessing these lesser-known elements and their connections to each other, businesses can bolster their defenses and […]

Case Study: Enhance Acquisition: Identify Customers Most Likely to Convert with vFraud

A personal finance lender, specializing in lending to non-prime consumers, was looking to improve their lead buying and application process to identify high-risk customers early on, reduce lead costs, and improve conversions for secured card customers. Utilizing vFraud, they were able to identify customers most likely to convert, filter out high-risk customers, and lower cost […]

Swipe Right on Fraud Detection: 4 Key Elements You Should Be Evaluating

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 […]

The Future of Insurance Payments: Harnessing Alternative Data to Combat Fraud

As the digital landscape advances, so do the methods of fraudsters seeking to exploit vulnerabilities within the insurance industry. Insurance fraud has a $308.6 billion annual cost to U.S. consumers and businesses, according to the Coalition Against Insurance Fraud. It’s essential for financial professionals across all sectors to remain vigilant and proactive in their efforts to detect […]

Enhancing the Customer Experience While Preventing Fraud

Today, with ever-increasing rates of fraud and the rise in competitors, many face a dilemma: how to convert more customers while reducing the risk of fraud.  Additionally, providing a superior customer experience is crucial. The truth is, the more personally identifiable information available on a customer, the more likely it is to reduce risks. The […]