While the strange legal case of "Bank vs. Customer" may be over, the settlement between PlainsCapital Bank and Hillary Machinery still fuels questions about the scourge of corporate account takeover.
What can financial institutions and business customers be doing to protect themselves from ACH and wire fraud, also called corporate account takeover? Jane Larimer of NACHA offers advice for institutions and businesses to prevent fraud.
PlainsCapital Bank has settled its lawsuit against its own customer, Hillary Machinery. The case came to symbolize the growing conflict between banking institutions and business customers over responsibilities in instances of corporate account takeover.
Banking institutions and payments processors are on heightened alert after notification from Visa that a criminal group plans to execute a large, fraudulent batch settlement scheme.
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