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

Download Product Sheet 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

Infographic: Everything You Need to Know About Bank Account Validation

Download infographic to learn about the commonly used bank account number validation methods like prenotes and validation services, Questions and features to consider as well as how ValidiFI can help you comply. As a Nacha preferred partner, ValidiFI offers flexible account validation services to meet your organization’s use case, friction and customer experience needs. Contact […]

ValidiFI Company Fact Sheet

Download our company fact sheet for an overview of ValidiFI, solution offerings and database coverage.  ValidiFI offers: Non-credentialed and credentialed solutions Non-FCRA and FCRA offerings Unique database of bank account and payment attributes Download Fact Sheet

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 […]

The Importance of a Comprehensive Fraud Detection Strategy

Fraudulent activities have become a major concern for individuals, businesses, and governments worldwide. Fraudsters constantly evolve and find new ways to deceive and steal from their targets, making it increasingly important for organizations to have robust fraud detection systems in place. Whether it’s account takeovers, bank account fraud, ACH fraud, third party fraud (also known as identity theft), […]

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 […]