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Herndon, VA – Today, Nacha President and CEO Jane Larimer released the following statement in response to the Federal Reserve announcing its FedNow Service is now live: “Nacha congratulates the Federal Reserve on the launch of FedNow. It is a significant …
As Check Fraud Surges, Nacha’s ACH Contact Registry – Yes, ACH – is the Leading Source for Check Contacts. Has Your Institution Entered Your Check Contacts?
You don’t have to look too hard to find evidence that check fraud is a huge problem that’s only getting worse: “Despite the declining use of checks in the United States, criminals have been increasingly targeting the U.S. Mail since the COVID-19 pandemic …
When I say “risk management,” most people immediately think of preventing fraud and stopping the bad guys. While this is a big part of what we do in risk management, it isn’t the whole picture. Risk management involves identifying and preventing many …
Business Email Compromise (BEC) and check fraud continued to give U.S. companies major headaches in 2020, a new report from the Association for Financial Professionals (AFP) found. More than three-quarters of organizations were targeted by BEC attacks, …
HERNDON, Virginia , April 17, 2023 – The ACH Network began 2023 with solid growth in the first quarter, particularly in Same Day ACH where payment dollar values nearly doubled from a year earlier. A total of 7.7 billion payments valued at $19.7 trillion …
LAS VEGAS —Keeping up with the Joneses can be a good thing, if the Joneses are doing all they can to prevent fraud. “It is important to figure out what the businesses around you are doing,” said Jeanette Hait Blanco, Nacha General Counsel. “The …
Two recent reports spotlight the fact that fraudsters remain hard at work, and that vigilance remains an absolute must. First, the FBI’s 2022 Internet Crime Report , released this year, shows business email compromise (BEC) “has evolved from simple …
(L-R) Michael Herd, Nell Campbell-Drake, Jason Carone. LAS VEGAS —With Same Day ACH seeing momentous growth—including first quarter 2023 volume and value increases of 20.7% and 94.7% respectively—the question is what’s next. Some potential answers were on …
LAS VEGAS —There are numerous frauds today putting your institution and its customers at risk. It’s a long list, and participants at Smarter Faster Payments 2023 heard from someone who knows only too well: Detective Jefferson Grace of the Las Vegas …