With Same-Day ACH, You’d Better Have Same-Day Fraud Detection
PYMNTS
MAY 7, 2018
In corporate payments, while fraud is typically linked to wire and checks , the rise in Business Email Compromise (BEC) and account takeovers means ACH fraud is a growing threat, same-day or not. Under the Uniform Commercial Code (UCC), Peace explained, banks compensate their consumers for any fraud-related losses (with some exceptions).
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