Zelle Fraud

5 Ways Transmit Security can Reduce Fraud for Zelle and Other Payment Providers

#1

#2

#3

Replace vulnerable account reset processes. Employ step-up authentication with state-of-the-art biometrics, push and cryptographic techniques. Zelle fraud would typically start by fraudsters resetting the victim’s account and tricking victims to forward them any OTP that is required to do that.

Secure the new device registration process. Make sure that the new device really belongs to the user and flag suspicious devices. With Zelle fraud fraudsters would register a new device on behalf of the victim.

Automatically profile normal transactions for each user then flag anomalies and restrict suspicious activity from newly registered devices.

#4

Send smart actionable alerts and notifications over multiple channels using risk-based policy controls

#5

Drag and drop risk detection systems and feeds from various providers without any development work and incorporate them into scoring models that control automatic run-time actions.

Identity and Access Management (IAM)

Transmit Security is an Overall Leader in KuppingerCole 2020 Fraud Reduction Intelligence Platforms report. "Transmit Security should be on the shortlist for any organization looking for fraud reduction solutions." KuppingerCole Analysts →

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Transmit actively adaptively enforces authentication and authorization actions based on real-time cross-channel contextual insights. Introduce the minimum friction necessary to achieve the trust levels required for any payment transaction, from international wires to Zelle P2P transactions

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