ACH Fraud Is Rising - And New NACHA Measure Leaves Gaps
FICO
JULY 28, 2021
increase in volume and a 10.8% increase in dollar value over 2019. Additionally, ACH internet transactions rose 15% from 2019 to 2020. Specifically, ACH Originators of WEB debit entries are required to use a “commercially reasonable fraudulent transaction detection system” to screen WEB debits for fraud.
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