In 2018, credit unions (CUs) added 5.02 Million new members, the fastest in the history that manifests the growing popularity of CUs. However, the financial landscape is consistently challenged by escalating fraud threats & data breaches. This makes it more difficult than ever to safeguard members’ money, especially for smaller CUs. Payment cards, Same Day ACH,
Tag Archives: fraud prevention
The world might seem smaller in this digital age probably as a result of the diversity of online business, payment landscapes and the resulting singularity of fraud patterns. The continued year on year growth in online shopping fueled by consumers’ demand poses significant challenges to merchants. The dynamic e-commerce business shows no signs of abating.
As cyber threats continue to dominate the payment industry, organizations are constantly in search to protect their data from breaches and other malicious activities. In the year 2017 – A stark rise in cyber-attacks was observed, a proof of impending dangers a clear indicator of what lies in store for 2018. A recent study predicted
The CNP Awards 2018 recognizes QPS for delivering exceptional fraud detection and prevention solutions to drive brand value and transform consumer experience. For the second time in a row QPS has been nominated under the category of Best Anti-Fraud Solutions for this prestigious award. The 2018 CNP Awards are held as a part of the
The roll out of Same Day ACH (SDACH) Phase I by the Electronic Payments Association (NACHA), the administrator of the Automated Clearing House (ACH) network, in September 2016 led the payment industry to dramatically adopt same day transactions. It accounted for approximately 13M amounting to more than $18B in QTR 1, 2017. Assessing the Impact
The frequency of data breaches continues to propel at a breakneck speed. Revealing the alarming growth of data thefts, the Identity Theft Resource Center confirmed that 1,093 data breaches were recorded in 2016 for organizations across the US. According to the Ponemon Institute research, the average cost of a data breach during 2016 was over
When the turf was fragile, solutions were not streamlined, tools were cumbersome and fraudsters were spearheading with sharp strategies and advanced programs. Quatrro Processing Services since then has been providing 100% coverage against fraud and scams with efficient real-time transaction monitoring. Quatrro is powered by highly futuristic, proactive and effective fraud prevention solutions anchored by