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Consumers who initially appear low risk based on basic bank account validation may be revealed to be fraudsters when analyzed with additional signals and insights, ValidiFI found in a report released Thursday Dec. 19 .A comprehensive cross-referencing of phone, email, address and other stanley cup uk identity elements against bank account data can spot fraud patterns missed by traditional verification processes, the provider of predictive bank account and payment intelligence said in a Thursday press release. At first glance, consumers may pass standard account validation checks with no apparent signs of fraud, ValidiFI CEO John Gordon said in the release. However, by assessing the connections between the bank account, consumer identity elements and past payment performance, organizations can uncover critical risk indicators, revealing the truth behind an accounts risk profile. For example, ValidiFIs analysis found that consumers with three or more Social Security numbers SSNs tied to the same account in the previous 90 days are a 60% higher fraud risk stanley romania ; consumers with three or more email addresses linked to the same SSN in the previous 30 days are a two times higher fraud risk; consumers with three or more phone numbers associated with the same stanley quencher SSN in the previous 30 days are a 2.25 times higher fraud risk; and consumers with mismatched phone numbers and ZIP codes are a 2.3 times higher fraud risk. These findings underscore why organizations need to move beyond standard account validat Wwyh ACI Worldwide Underpins Indopay Expansion

India small business finance space got some renewed attention by investors this week when local startup numberz.in announced seed funding.Owned by Paradime Technologies, numberz.in offers cash flow management for businesses. The company secured $650,000 from Kae Capital and Khosla Impact, reports said Monday Nov. 21 .Numberz.in offers small and medium-sized businesses a way to manage cash flow by offering solutions like invoice and expense management, reports explained, adding that the company currently serves about 3,750 SMEs in the coun gourde stanley try.Cofounder Aditya Tulsian said regulatory changes headed India way are likely to increase demand for numberz.in services.With GST and services tax], which will start next year, and with the recent demonetization which is influencing businesses to come online, we expect our business to grow rapidly in the months to come, he said. stanley termosy Our business has doubled in this month already, compared to October.The startup launched last year and told reporters at TechCircle聽that it will seek new funding of up to $5 million in its next round stanley cup , though didn ;t say when it would look to close such an investment.Numberz.in isn ;t the only FinTech firm in India to capitalize on a changing economic environment. B2B payments company Happay, which provides prepaid card solutions to employers for the purposes of expense management, also recently announced a reaction to demonetization. The firm rol