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Why You Need the Most Current Copy of the Rules The payments industry continues to evolve. To stay informed on the changes, all Network participants from businesses to customers benefit from the annual refresh of the Nacha Operating Guidelines. To assist …
NASHVILLE, Tennessee —Could FedNow pave the way for more ACH settlement windows? A major stumbling block to expanding ACH hours is that the Federal Reserve’s National Settlement Service (NSS) for interbank settlement closes at the end of the business day …
At the Fed, Being an AAP Means Recognition as an Expert Nell Campbell-Drake, AAP Vice President Federal Reserve Bank of Atlanta While attending her first Nacha Payments conference, Nell Campbell-Drake’s colleagues left her behind one evening. “They said, …
Business Email Compromise Losses in Top 3 Crimes Types Reported Fraud schemes continue to grow, evolve and target legitimate businesses, nonprofits, government and other public-sector organizations. Business Email Compromise (BEC), Vendor Impersonation …
The FBI has updated figures on Business Email Compromise (BEC) and none of the news is good. The bureau said there have been more than 166,000 incidents across the globe between June 2016 and July of this year. That’s based on victim reports to its …
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 …
Fraud focus: FBI report on BEC and AFP report on paper checks. …
It’s a figure even the FBI called “staggering”: The losses reported to its Internet Crime Complaint Center (IC3) in 2024 totaled $16.6 billion, the bulk of which came from fraud. And among those frauds, business email compromise (BEC) remained a pervasive …