The Fight Against ACH and Wire Fraud

The Fight Against ACH and Wire Fraud

Financial institutions will always be threatened by fraud. Security protocols, fraud and AML prevention and detection techniques must continue to keep pace with potential criminal activity. With millions of dollars and reputational risk at stake, the imperative is there in order to achieve peace of mind.

Join ACI Worldwide's Mike Braatz, SVP as he presents an overview of current ACH and wire fraud challenges and ultimately, what a bank can do to fortify itself against this time of financial crime.

This session will cover:

  • Knowing more about the varying tools and tactics the criminals use
  • The legal landscape
  • What are the best practices to have in place for ACH and wire fraud management
  • A preview into survey data capturing the concerns of bankers who deal with ACH and wire fraud

Don't miss the opportunity to learn more; this session will change how you view fraud loss at your institution.


When ACH and wire fraud strike, the losses are normally considerable, while the customer's's reaction ranges from unfiltered anger to sheer disbelief that their bank "allowed" wire fraud to happen.

Criminals like ACH and wire transactions for many of the same reasons that clients do. Initiating a wire requires minimal effort, and the funds appear within hours in the recipient's account, ready for immediate withdrawal. There is theoretically no limit on the amount of a wire. If the funds are available, a wire transaction is an option.

Convenience, quick fund availability and no limit on the amount of the transaction - cybercriminals would be foolish not to target these payment channels.

Throughout the year, numerous examples of ACH and wire fraud appear in the business press, and several of those cases have made it to court. How big is the problem and what can banks do to minimize the risk?

Register for this exclusive session to learn more from Mike Braatz, Senior Vice President and Product Line Manager, Payments Fraud Management for ACI Worldwide.

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