ACH Fraud

The Federal Reserve on Jan. 26 revealed its roadmap for an overhaul of the U.S. payments system, which includes plans for faster settlement and a focus on improving payments security to reduce fraud.

After a long legal battle, Choice Escrow and Land Title LLC and Mississippi-based BancorpSouth have finally settled a $440,000 account takeover case. Learn how one final issue was resolved.

A Tennessee utility has sued its bank after a $327,000 account takeover incident. This new case shows why institutions must go above and beyond when it comes to detecting and thwarting fraud losses.

For the first time in its decade-long history, the Federal Reserve's triennial Payments Study includes fraud data. The Fed's Jim McKee says these findings set a baseline about U.S. card fraud trends.

A new impersonation scheme is taking aim at business executives to perpetuate ACH and wire fraud, says Bank of the West's David Pollino, who explains steps institutions should take now to protect their customers.