Fraud expert Mike Mulholland discusses the types of ACH fraud being perpetrated today; how institutions are fighting back; what works and what still needs work in the battle against ACH Fraud. Fraud is moving from a transaction that is occurring between two known and trusted parties that have an ongoing relationship, to two parties that are unknown, untrusted and have a very transient relationship. The other element of fraud is tied more toward the fact that the access to the payment system today is becoming more and more electronic and more tied to the internet.”]
Source: https://www.cuinfosecurity.com/ach-fraud-strategies-to-fight-back-a-703