Maine Magistrate Recommends no trial for Defrauded Business. Commercial customer in the case says he’s weighing his legal options. At issue for PATCO is whether banks should be held responsible for fraudulent ACH transfers. Lawyer: “Reasonable security does not mean bullet-proof security” Law also doesn’t require banks to implement “best” security measures, expert says. Other cases involve fraudsters’ ability to get around and get around, including those involving ACH fraud cases.”]
Source: https://www.inforisktoday.com/ach-legal-ruling-favors-bank-a-3705