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Wrangling fraud is a persistent challenge for banks and credit unions in the wild west of fraud these days. 🐎🤠 Staying ahead of financial crime, maintaining compliance with evolving regulations, and delivering delightful customer experiences are top concerns for FIs. So how can institutions not only survive, but thrive? Check out the latest article from PaymentsJournal to explore how sharing data and leveraging insights can help detect high-risk transactions and block fraudsters.

Navigating the Tightrope: Striking the Right Balance in Customer Onboarding In the competitive landscape of fintech and banking, customer onboarding seeks a perfect balance between security and simplicity. Too easy, and the floodgates open to fraud. Too hard, and potential customers disappear. How do we achieve this balance? Our latest webinar brings together a panel of industry experts to explore strategies that ensure secure, yet straightforward customer onboarding processes. Here’s what we cover: 📈 Advanced Segmentation: Learn how to effectively detect and segment risky phone numbers, enhancing your fraud prevention measures without compromising user experience. 🔒 Proactive Fraud Prevention: Discover techniques to block fraudsters proactively before they can even enter your system, significantly reducing potential fraud. 👤 Smart Verifications: Understand when to implement verifications to convert more legitimate users, boosting your conversion rates while keeping security tight. 📜 Risk Assessment: Get insights on assessing the true identity and associated risk of phone numbers at the moment of account opening. Implementing these strategies can help your organization maximize conversions while minimizing fraud losses, ensuring a secure yet seamless onboarding experience for your new customers. Join us to learn how to maintain this delicate balance effectively! Register here: https://buff.ly/3UQYseB

⚠️ Fraud and risk in payment processing are more than just buzzwords. They represent real challenges that can significantly impact a business’s bottom line. Our experts, Paul Lucraft, Paul Seddon, and Jon Barras aim to unravel the complexities of fraud and risk in our latest article. Read more here: https://lnkd.in/g3xjUfdi #ERAGroup #ValueThroughInsight #PaymentProcessing

Galileo Financial Technologies Adds 3DS to Bolster Online Fraud Protection David Feuer, chief product officer at Galileo, emphasizes the strategic addition of 3DS: “With CNP fraud on the rise, the benefits of 3D Secure extend far beyond payment security—it's about empowering our clients across industries to proactively manage risk while ensuring a seamless customer experience in an efficient, secure payment environment. This enhancement demonstrates our commitment to building global products at the forefront of financial technology and security.”   https://lnkd.in/exhzcX6Y #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

In response to an increase in check fraud scams, some banks have lowered mobile deposit limits and placed longer holds on some deposits. But these measures risk frustrating customers. Can emerging tech like AI and machine learning be the key to balancing fraud prevention with customer experience? “These innovations can help banks build trust, improve customer satisfaction, and gain a competitive edge." http://2.sas.com/6042qlmDQ

Innovative collaborations offer critical solutions to pay faster, create stronger customer experiences, and reduce fraud. Read more about JPMorgan's Trust and Safety solutions below that can add value to your organization and help Financial Managers achieve balance between speed and accuracy of payments! #JPMorgan #JPMorganPayments #Payments #FraudPrevention #CyberSecurityAwarenessMonth

🔍 Discover how automating the fraud claims process can help banks swiftly resolve cases with unparalleled accuracy, enhancing customer trust while combating financial fraud: https://okt.to/4aRk5X #fraudclaimsautomation #processautomation #lowcodeplatform

In response to an increase in check fraud scams, some banks have lowered mobile deposit limits and placed longer holds on some deposits. But these measures risk frustrating customers. Can emerging tech like AI and machine learning be the key to balancing fraud prevention with customer experience? “These innovations can help banks build trust, improve customer satisfaction, and gain a competitive edge." http://2.sas.com/6048SA0EK

As digital payments scale, the sophistication of scams matches their pace. This ongoing dichotomy forces payment ecosystems to adopt more adaptive and For daily news and analysis subscribe to the https://lnkd.in/grcK6QEX newsletter. #Payments #Finance #Fintech

In today's digital-first economy, payment fraud is a formidable challenge for merchants worldwide, posing a dual threat to businesses' financial stability and consumer trust. It's crucial for businesses to implement practical strategies to combat this omnipresent threat. Check out this insightful article to discover key strategies to fortify your business against payment fraud.