You don’t have to look too hard to find evidence that check fraud is a huge problem that’s only getting worse:

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ACH Risk Management Handbook and the ACH Compliance Manual print publications.
 

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. 

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. 

Two recent reports spotlight the fact that fraudsters remain hard at work, and that vigilance remains an absolute must.

LAS VEGAS—There are numerous frauds today putting your institution and its customers at risk.

The refreshed 4th Edition contains new statistic and evaluates the impact of the UCC 4A on security procedures, bank/corporate agreements, recommended contractual provisions, errors, unauthorized entries and more. Includes Article 4A (law unchanged) with staff commentary.

This 4th Edition update provides a review of the variations in legal requirements and processing obligations relating to the origination of ACH entries when a Third-Party Sender is involved in the origination of transactions through the ACH Network.

(L-R) Jordan Bennett, Pamela T. Rodriguez and Tim Thorson

LAS VEGAS—Underestimate the fraudsters at your own risk.

A checklist approach to initiating a payroll can help ACH Originators and Third-Party Senders comply with rules and regulations, avoid errors, and reduce fraud.

The payments field is never stagnant, so there’s no reason why payments education should be. The 2023 TPI On Campus, July 16-19, is moving with the times. Just ask the dean.

A new way of thinking about fraud detection, prevention and recovery.

Nacha’s Risk Management Portal includes the ACH Contact Registry, Third-Party Sender Registration, Direct Access Debit Participation Registration and the Terminated Originator Database

The Risk Management Advisory Group (RMAG) recently released blogs offering a checklist approach for Originators and for

Preferred Partner for Account Validation/Compliance/Risk and Fraud Prevention

Preferred Partner for ACH Experience/Open Banking/Risk and Fraud Prevention

Preferred Partner for ACH Experience/Fraud Monitoring/Risk and Fraud Prevention

Preferred Partner for ACH Experience/Open Banking/Risk and Fraud Prevention

Preferred Partner for Account Validation/Compliance/Risk and Fraud Prevention