Fraud prevention firm Mitek expanded a partnership with payments processor Alogent. The collaboration will see Alogent integrate Mitek’s Check Fraud Defender (CFD) into its Unify deposits automation solution to prevent the rising threat of check fraud, according to a Wednesday (Aug. 21) press release. “According...
Despite the prevalence of digital alternatives, checks continue to be a preferred payment method for many organizations. PYMNTS Intelligence research underscores this trend, revealing that checks constitute a significant portion of business-to-business (B2B) transactions across various industries. In real estate, nearly 21% of B2B transactions...
Fraud and risk platform DataVisor says it has launched a partnership with identity verification provider Mitek. The collaboration gives financial institutions (FIs) a single-platform check fraud protection service, the companies said in a Tuesday (April 9) news release. “Our vision has always been to create an end-to-end, comprehensive platform...
Despite the growing adoption of digital payment solutions worldwide, financial institutions (FIs) continue to process billions of checks each year, setting the stage for a growing trend: check fraud. Last year, the Financial Crimes Enforcement Network (FinCEN), reported a nationwide surge in check fraud, with a notable 23%...
December 09, 2021
Picture, for a moment, the biometrics you might use every day — perhaps every time you unlock your phone. The thought of bias — exclusion based on race or gender identity — might not enter your mental picture. And why should it? After all, the apps, the machine learning and the algorithms are all acting […]
December 01, 2021
We may all be using them to unlock our smartphones and track our fitness, but when it comes to using biometrics to create secure, seamless customer payment experiences, we have...
October 21, 2021
Hollywood-style image manipulation that used to require a huge investment and a team of talented people with above-average expertise can now be attained by anyone with a smartphone. Developments like...
July 30, 2021
Decentralized finance — DeFi for short — is taking its place among the buzzwords of 2021, where excitement (and depending on where you look, perhaps hype) comes in tandem with...
August 21, 2024
Fraud prevention firm Mitek expanded a partnership with payments processor Alogent. The collaboration will see Alogent integrate Mitek’s Check Fraud Defender (CFD) into its Unify deposits automation solution to prevent the rising threat of check fraud, according to a Wednesday (Aug. 21) press release. “According to the annual Federal Reserve Financial Services Survey, in the […]
April 09, 2024
Fraud and risk platform DataVisor says it has launched a partnership with identity verification provider Mitek. The collaboration gives financial institutions (FIs) a single-platform check fraud protection service, the companies said in a Tuesday...
February 15, 2024
Digital payments may be growing in popularity, but the use of paper checks persists. So too does check fraud, which reached record levels in 2023. With that in mind, identity...
March 24, 2022
Digital identify verification firm Mitek has acquired HooYu, a U.K. company specializing in know your customer (KYC) technology. “The acquisition helps to ensure businesses know the true identity of their...
