The global insurance market is a multi-trillion-dollar market worth more than $4.5 trillion in gross insurance premiums (2015). In 2016, the gross insurance in premiums in the U.S reached $2.67 trillion with $1.5 trillion in paid claims.
NACHA’s announcement of same-day ACH (Automated Clearing House) payments will benefit both businesses and consumers whose payments are eligible for same-day transaction processing. This is how BioCatch is supporting this change.
Cross-channel fraud is an advanced attack method in which the fraudster steals a user’s credentials and personal information from one channel, in order to commit fraud in an associated channel and/or account. BioCatch has developed effective methods to thwart these attacks.
New Account Fraud is usually the gateway to many other follow-on crime and is a growing concern for businesses that process transactions online. This is how BioCatch prevents New Account Fraud with behavioral biometrics.
With cyber attackers becoming much more sophisticated, security measures must get smarter too. The key is to implement security measures that continuously monitor and test the authenticity of users in ways that are difficult to replicate.