Blog | G5 Cyber Security

Same-day ACH Payments: How to Protect Transactions from Fraud

NACHA’s announcement of same-day ACH (Automated Clearing House) payments will benefit businesses and consumers. But it will also strain banks that need to operate under the new guidelines and protect vulnerable ACH transactions from fraud. According to a recent Aite Group report, when the United Kingdom moved to faster payments in 2008, U.K. banks saw a sharp spike in fraud as criminals took advantage of the reduced time frames for effective risk management.Download this whitepaper to explore some of the challenges facing banks.”]

Source: https://www.bankinfosecurity.com/whitepapers/same-day-ach-payments-how-to-protect-transactions-from-fraud-w-2278

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