ACH Fraud

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  • Article

    Fed Reveals Plan for Faster Payments

    Roadmap for Infrastructure Overhaul Spans 10 Years By Tracy Kitten
    Fed Reveals Plan for Faster Payments

    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.

  • Article

    Choice Escrow Fraud Case Settled

    Account Takeover Dispute Dates Back to 2010 By Jeffrey Roman
    Choice Escrow Fraud Case Settled

    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.

  • Article

    Account Takeover: Utility Sues Bank

    New Case Puts Spotlight on Institutions' Responsibilities By Tracy Kitten
    Account Takeover: Utility Sues Bank

    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.

  • Article

    Fed Issues New Study of Payments Fraud

    Report Details Emerging Trends in Payment Card Fraud By Tracy Kitten
    Fed Issues New Study of Payments Fraud

    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.

  • Interview

    'Masquerading': New Wire Fraud Scheme

    Bank of West Exec Offers Customer Protection Insights By Tracy Kitten
    'Masquerading': New Wire Fraud Scheme

    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.

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