After TikTok’s ‘Glitch’ Craze, Banks Look to Prevent the Next Fraud Fad
Over the summer, some users of the social media app TikTok said they had discovered a “glitch” in the workings ...
Tag: Check Fraud
Check fraud remains a significant threat in banking and payments, impacting businesses and individuals. Discover how measures like secure check designs, fraud detection systems, and verification processes protect against forged or altered checks, ensuring secure and reliable financial transactions in a digital-first environment.
Amid Payments Innovations, Check Fraud Remains a Threat to Financial Institutions
There have been stunning breakthroughs in the payments space over the past few years, and many businesses and financial institutions ...
U.S. Fights Rising Check Fraud Through Use of AI
Artificial intelligence is having a huge impact on the U.S. federal government’s fraud detection efforts. The Treasury Department credited AI ...
Legal Loophole Could Leave Check Fraud Victims Without Recompense
Many victims of check fraud don’t realize it until weeks or months after the compromise has occurred. Unfortunately, by the ...
Positive Pay: An Underused Tool for Fighting Check Fraud
Even though the number of checks written continues to decline, mail theft remains on the rise. Beyond the theft of ...
ACH Drives Efficiency in Healthcare and B2B Transactions
In the first half of 2023, the ACH Network saw consistent transaction volume growth, handling 7.7 billion payments valued at ...
Top 5 Payment Methods Subject to Fraud
In an increasingly digitized world, where convenience often goes hand in hand with vulnerability, the realm of financial transactions has ...
With Check Fraud on the Rise, Financial Institutions Must Implement More Effective Solutions
With the rise of digital banking and online payments, the use of checks has undergone a massive shift. In 2021, ...
Physical Checks Aren’t Cutting it—Why Businesses Need to Move to Digital Payments
Digital payments used to be a luxury that only very large enterprises could afford, thanks to their ability to invest ...
Check Deposit Risk Mitigation for Financial Institutions
With the unprecedented rise in fraudulent activity financial institutions and their customers experience, the pressure for risk mitigation to reduce ...
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