What Check Fraud Can Teach Banks About Preparing For The Instant Payments Future
August 9, 2019
If there was a handbook for how to become a successful fraudster, the first sentence of the first chapter would go something like this: “Go where the money is.”
Perhaps that’s why, in the midst of the seemingly never-ending stream of headlines about data breaches, account takeovers, stolen credit cards and online fraud, the notion of “check fraud” seems something of an outlier for the up-and-coming fraudster looking to make a decent living.
But it’s an outlier that, according to the FBI, has racked up more than $18 billion in losses last year in the U.S. and has hit about 70 percent of all organizations in the country.
- // TAGGED
Navigating the Challenges of Money-in Mobility
For all the options at our disposal, money mobility isn’t yet moving at the pace of change that defines payments in 2022. Fortunately, it’s fixable.
Navigating the money-in side of the money mobility equation
Tackling fraud while keeping money mobile
For so many cutting-edge financial innovations like buy now, pay later (BNPL) and crypto, the jury is still out.