Connect with us

Technology

ValidiFI Releases Quarterly Bank Account and Payment Intelligence Report

Published

1 day ago

on

Unlock Comprehensive Insights on Payment Performance and Bank Account Trends Beyond ACH Compliance

 ALPHARETTA, Ga., Sept. 25, 2024 /PRNewswire/ — ValidiFI, Inc., the leading provider of predictive bank account and payment intelligence, is excited to announce the release of its new quarterly report, designed to explore different areas of bank account and payment data to help businesses navigate the complexities of ACH compliance with Nacha, reduce fraud, and mitigate risks to enhance transaction efficiency. The report provides insights for organizations engaging in ACH payments, with a focus on account validation beyond regulatory compliance, highlighting the role of ValidiFI’s powerful solutions in reducing payment failures and improving customer experiences.

For High and NSF risk bank accounts, 2/3 of transactions result in a return.

With ACH transactions on the rise and the emergence of pay-by-bank applications, organizations looking to reduce processing fees and streamline payments, the importance of bank account validation cannot be overstated. ValidiFI’s report underscores the importance of analyzing bank accounts for low-risk, NSF-risk (non-sufficient funds), and high-risk indicators, revealing key insights. Choosing the right validation strategy for your needs is essential for onboarding customers, detecting bad actors up front, and ultimately drives growth by reducing friction and improving financial outcomes.

“For High and NSF risk bank accounts, 2/3 of transactions result in a return, such as an R03 (no account/unable to locate) or R04 (invalid account number), representing a substantial operational challenge for companies dealing with high-risk payments. In comparison, low-risk accounts have a 97% success rate,” the report reveals, underscoring the importance of having reliable bank account verification services.

Key Insights from the Report Include:

High-Risk

High-risk bank accounts show a significantly higher rate of returns. These accounts have experienced 11.5 times more ACH returns than low-risk accounts and subsequent payments result in only 14% being successful.

NSF Risk

NSF risk is a key predictor of future account performance. According to ValidiFI’s findings, there are 2 NSFs for every successful transaction for this group, leading to a disproportionate risk burden.

Low-Risk

In contrast, low-risk bank accounts in the ValidiFI database demonstrate consistently good payment behavior. This allows organizations the ability to streamline and auto-approve these consumers, resulting in significant cost and time savings.

“These insights from ValidiFI help organizations comply with Nacha regulations along with the tools necessary to assess and manage payment risks more effectively, resulting in a better customer experience,” said John Gordon, CEO of ValidiFI. “By leveraging bank and payment data to identify high-risk accounts, those with NSF risk, and low-risk bank accounts, organizations can tailor their workflows reducing the frequency of failed transactions and improve overall payment operations.”

For more information and to download the report, visit Q3 2024 Report: Beyond Compliance: Elevating Risk Based Bank Account Validation. The infographic asset can also be found here.

About ValidiFI

ValidiFI is the leading provider of predictive bank account and payment intelligence. Leveraging the Omni Platform, ValidiFI empowers organizations and financial institutions with actionable insights to help validate bank accounts, detect fraud, and assess credit risk. By analyzing the intricate connections between bank accounts, consumers, and payment performance, ValidiFI offers a more comprehensive view. ValidiFI serves as a trusted partner, unlocking the power of predictive bank account and payment intelligence through credentialled and non-credentialed solutions, enabling more confident transactions. For more information, visit validifi.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/validifi-releases-quarterly-bank-account-and-payment-intelligence-report-302257818.html

SOURCE ValidiFI

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

IGT Named FanDuel Sportsbooks’ Exclusive Retail Sports Betting Platform Provider in North America for Four Additional Years

Published

16 mins ago

on

September 26, 2024

By

IGT PlaySports and FanDuel Group team up for retail sports betting through 2028

LONDON, Sept. 26, 2024 /PRNewswire/ — International Game Technology PLC (“IGT”) (NYSE: IGT) announced today that it recently renewed a multi-year retail sports betting agreement with FanDuel, North America’s premier online gaming company and an operating unit within Flutter Entertainment plc (NYSE: FLUT). Under the terms of the agreement, IGT PlaySports™ will continue as the exclusive retail sports betting platform provider for FanDuel’s retail sportsbooks across North America for four additional years, starting September 1, 2024. IGT PlaySports and FanDuel have worked together since 2019, when FanDuel opened its first sportsbook in the U.S. at The New Meadowlands Racing & Entertainment in New Jersey.

“For more than five years, IGT PlaySports’ team and technology have helped FanDuel’s retail sportsbook operation deliver a best-in-class customer experience while helping us maintain our position as America’s #1 Sportsbook,” said Christian Genetski, FanDuel President. “Given IGT’s experience as a global land-based casino supplier, we believe it offers the experience and capabilities we needed supporting our retail locations.”

“IGT PlaySports looks forward to supporting FanDuel as its exclusive retail sports betting platform provider in North America for four additional years,” said Joe Bertolone, IGT Senior Vice President, Sports Betting. “IGT PlaySports is committed to helping our customers realize the full potential of the retail sports betting market and differentiate their products through exceptional player experience and reliable technology.”

IGT PlaySports has been FanDuel Group’s exclusive retail platform provider in the U.S. since 2020. In addition to leveraging the IGT PlaySports platform, FanDuel Sportsbooks offer players a range of self-service betting technologies including the IGT PlaySports Kiosk and IGT PlaySports Pad. IGT PlaySports technology is currently powering 27 FanDuel Sportsbooks across 20 gaming jurisdictions.

For more information, visit IGT.com, or follow IGT PlayDigital on LinkedIn.

About IGT
IGT (NYSE:IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 jurisdictions around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 11,000 employees. For more information, please visit www.igt.com.

Cautionary Statement Regarding Forward-Looking Statements
This news release may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning International Game Technology PLC and its consolidated subsidiaries (the “Company”) and other matters. These statements may discuss goals, intentions, and expectations as to future plans, trends, events, products and services, customer relationships, results of operations, or financial condition, or otherwise, based on current beliefs of the management of the Company as well as assumptions made by, and information currently available to, such management. Forward-looking statements may be accompanied by words such as “aim,” “anticipate,” “believe,” “plan,” “could,” “would,” “should,” “shall,” “continue,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “will,” “possible,” “potential,” “predict,” “project” or the negative or other variations of them. These forward-looking statements speak only as of the date on which such statements are made and are subject to various risks and uncertainties, many of which are outside the Company’s control. Should one or more of these risks or uncertainties materialize, or should any of the underlying assumptions prove incorrect, actual results may differ materially from those predicted in the forward-looking statements and from past results, performance, or achievements. Therefore, you should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include (but are not limited to) the factors and risks described in the Company’s annual report on Form 20-F for the financial year ended December 31, 2023 and other documents led from time to time with the SEC, which are available on the SEC’s website at www.sec.gov and on the investor relations section of the Company’s website at www.IGT.com. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements. You should carefully consider these factors and other risks and uncertainties that affect the Company’s business. All forward-looking statements contained in this news release are qualified in their entirety by this cautionary statement. All subsequent written or oral forward-looking statements attributable to International Game Technology PLC, or persons acting on its behalf, are expressly qualified in their entirety by this cautionary statement.

Contact:
Phil O’Shaughnessy, Global Communications, toll free in U.S./Canada +1 (844) IGT-7452; outside U.S./Canada +1 (401) 392-7452
Francesco Luti, Italian media inquiries, +39 06 5189 9184
James Hurley, Investor Relations, +1 (401) 392-7190

© 2024 IGT

IGT and IGT PLAYSPORTS are trademarks of IGT, its parent, subsidiaries, or affiliates.

View original content to download multimedia:https://www.prnewswire.com/news-releases/igt-named-fanduel-sportsbooks-exclusive-retail-sports-betting-platform-provider-in-north-america-for-four-additional-years-302259343.html

SOURCE International Game Technology PLC

Continue Reading

Technology

Jacobs Declares Quarterly Dividend

Published

16 mins ago

on

September 26, 2024

By

DALLAS, Sept. 26, 2024 /PRNewswire/ — The Board of Directors of Jacobs (NYSE:J) has declared a quarterly cash dividend payable to shareholders in the amount of $0.29 per share of Jacobs common stock. This dividend will be paid on Nov. 22, 2024, to shareholders of record as of the close of business on Oct. 25, 2024.

About Jacobs

At Jacobs, we’re challenging today to reinvent tomorrow by solving the world’s most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With approximately $16 billion in annual revenue and a talent force of more than 60,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook, Instagram, LinkedIn and X.

For additional information contact:

Investors:
Ayan Banerjee
JacobsIR@jacobs.com

Media:
Louise White, 469.724.0810
media@jacobs.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/jacobs-declares-quarterly-dividend-302260532.html

SOURCE Jacobs

Continue Reading

Technology

Hawkes Outdoors, An Authority In Outdoor Adventure, Appoints Kristen Ramirez As President

Published

16 mins ago

on

September 26, 2024

By

Company Poised for Significant Growth in Overlanding, Off-Road, and Outdoor Industry

SAN ANTONIO, Sept. 26, 2024 /PRNewswire-PRWeb/ — Hawkes Outdoors (www.hawkesoutdoors.com), a leading authority in the overlanding, off-road, and outdoor adventure market, today announced the appointment of Kristen Ramirez as President. Ramirez will lead the company into its next phase of expansion and innovation, further cementing Hawkes Outdoors’ leadership in the industry.

Your Adventure. Your Terms.

Since joining the company in 2022, Kristen Ramirez has brought her expertise in customer service, sales, and retail operations to the forefront. As the company looks to continue its growth, her leadership is expected to propel Hawkes Outdoors into new markets and strengthen its position as a top-tier provider in the sector.

“Kristen brings a wealth of experience and a visionary approach that aligns perfectly with our mission,” said Brian Booker, Owner of Hawkes Outdoors. “We are excited about the future and confident that Kristen will drive our company to new heights, continuing to deliver exceptional value to our customers and partners.”

In her new role, Kristen Ramirez will oversee all aspects of the company’s operations, with a focus on expanding product offerings and enhancing customer experience. Under her leadership, Hawkes Outdoors is poised to take advantage of emerging opportunities in the overlanding, off-road, and outdoor adventure markets.

“I am honored to take on this role and look forward to leading Hawkes Outdoors into an exciting new chapter,” said Kristen Ramirez. “Together with our talented team, we will explore new opportunities for growth, enhance our offerings, and maintain our commitment to excellence.”

About Hawkes Outdoors Based in San Antonio, Texas, Hawkes Outdoors is a leading authority in the overlanding, offroad, and outdoor adventure industry, recognized for its extensive product range and outstanding customer service. The company remains dedicated to providing high-quality products and exceptional customer experiences as it continues to shape the future of outdoor adventure.

www.HawkesOutdoors.com

Media Contact

Kristen Ramirez, Hawkes Outdoors, 1 2106249195, info@hawkesoutdoors.com, https://hawkesoutdoors.com/

View original content to download multimedia:https://www.prweb.com/releases/hawkes-outdoors-an-authority-in-outdoor-adventure-appoints-kristen-ramirez-as-president-302258291.html

SOURCE Hawkes Outdoors

Continue Reading

Trending