SchoolsFirst Federal Credit Union’s Lesson in P2P Security

P2P services have become popular because they allow users to quickly transfer funds, but with the ease comes risk. How can financial institutions strike the right balance between frictionless experiences, and secure transactions?

Zelle is one of the fastest-rising payments services, with $119 billion transacted in 2018. Amy Hsu, VP of Product and Research at SchoolsFirst Federal Credit Union, discusses the sophisticated algorithms that keep members’ Zelle transactions frictionless and fraud-free.

More insights from the new Digital Fraud Tracker:

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DataVisor is the leading fraud and risk management platform powered by transformational AI technology. Using proprietary machine learning algorithms, DataVisor restores trust in digital commerce by enabling organizations to proactively detect and act on fast-evolving fraud patterns, and prevent future attacks before they happen. Combining advanced analytics and an intelligence network of more than 4B global user accounts, DataVisor protects against financial losses and reputational damage across a variety of industries, including financial services, insurance, marketplaces, ecommerce, and internet platforms.