There will be 25 billion ACH transactions occurring annually by 2010, estimates NACHA. Many transactions will be check conversions at merchants, including Wal-Mart, Target and large supermarket chains. Criminals are finding it more enticing “to follow the money,” says Michael Thomas, Executive with the Financial Institution Group at Crowe Horwath. This article reviews the latest ACH fraud trends – and what institutions should be doing to protect themselves. ACH Fraud is similar to check kiting and an unusual type of fraud is an unusual kind of kiting.”]
Source: https://www.fraudtoday.io/top-trends-in-ach-fraud-a-1469