Tag: vFraud

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 […]

Multiple Identifiers Signal Increased Fraud Risk, ValidiFI Bank Account and Payment Intelligence Report Reveals

New Report Highlights New Fraud Detection Patterns and Risk Factors in Bank Account Behavior ALPHARETTA, Georgia – ValidiFI, Inc., the leading provider of predictive bank account and payment intelligence, today released its Q4 2024 Bank Account and Payment Intelligence Report, uncovering alarming trends in fraudulent bank account activity and offering organizations critical insights to combat […]

Detect fraud, in real-time: Validating the identity behind the account

Fraud is a top concern for banking and payments executives—draining time, resources, and money while undermining compliance and customer trust. As fraud tactics evolve, staying ahead is critical. In ValidiFI’s Q4 Bank Account and Payment Intelligence Report, we uncover exclusive insights into bank account fraud, helping organizations detect and stop fraud in real-time. Fill out […]

Infographic: How ValidiFI data unmasks fraudulent payment accounts

Traditional account validation can miss critical fraud indicators. At first glance, some consumers may appear low-risk, but deeper fraud checks often reveal hidden risks. By layering advanced fraud detection—cross-referencing identity data with bank account details—organizations can uncover the truth behind the account and stop fraud in its tracks. Download infographic:

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 […]

Elevating Bank Account Validation and Risk Assessment to New Heights

Here at ValidiFI®, we’ve been diligently enhancing and expanding our predictive bank account and payment intelligence offerings to better serve your ever-evolving compliance, bank account validation, fraud, and credit risk needs. Introducing ValidiFI Solution Offerings: Predictive Bank Account and Payment Intelligence Solutions: vIndex: Identify High and Low-Risk Financial Institutions. vAccount: Streamlined Bank Account Validation for […]

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 […]

Product Sheet: vFraud

Quickly prevent fraud and make more confident decisions and transactions:   Identify bank-related fraud like first party fraud, third-party fraud, or account opening fraud. Detect high-frequency change in consumer contact information Flag suspicious application information Reduce risk in sending payments to fradulent accounts Download product sheet:

Infographic: Everything You Need to Know About Bank Account Validation

Account validation is essential for verifying whether a bank account is open, valid, and capable of handling ACH transactions, ensuring faster access to funds. Organizations may require a combination of non-credentialed and credentialed solutions, depending on their specific needs. With Nacha’s rule mandating that payment originators validate accounts before initiating ACH transactions, businesses must explore […]