Learn the best practices financial institutions can implement right now to mitigate deposit fraud losses.
Fraudsters are becoming increasingly adept at identifying and exploiting the weaknesses in financial institutions’ payment systems – putting both FIs and their customers/members at risk. As certain payments fraud opportunities are eliminated due to new technologies, they have migrated their fraud efforts to more vulnerable avenues. As FIs secure check-related deposit channels, they leave ACH and card portfolios at risk of fraud.
To secure all payment channels – including ACH, card, and checks – Advanced Fraud Solutions (AFS) has developed the following report using the latest available data to explore the most current fraud tactics and the best practices to mitigate deposit fraud losses.