TITLE

Grappling With ACH Fraud

PUB. DATE
May 2009
SOURCE
Bank Technology News;May2009, Vol. 22 Issue 5, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the growing percentage of fraudulent automated clearing house (ACH) transactions in the banking industry in the U.S. Aite Group's senior analyst Nick Holland reveals the increasing attraction and enticement of thieves and fraud acts for ACH transactions, considering the rising number of paper checks converted into ACH. Specifically, 95 percent of the country's banks and credit unions have posted their extreme concern on fraud cases on ACH transactions.
ACCESSION #
44210544

 

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