PYMNTS

MARCH 18, 2020

We’re looking at sending checks to Americans immediately. What is almost certain, however, Ingo Money CEO Drew Edwards and Karen Webster noted in a recent conversation, is how those payments will go out — which is by check. Americans need cash now and the President wants to get cash now. And I mean now as in the next two weeks.”.

Checks 73

Checks Governance Government Counterfeit Check 73

Finovate

APRIL 11, 2024

DataVisor will integrate Mitek’s Check Fraud Defender solution into its platform to offer FIs real-time check fraud decision orchestration. The partnership will enable financial institutions to execute real-time orchestration of check fraud decisions, minimize fraud losses, and boost operational efficiencies.

Checks 59

Checks Remote Deposit Capture Counterfeit Check Identity Theft 59

PYMNTS

JULY 12, 2020

financial infrastructure by tracking fraudulent wire transfers, counterfeit checks and combating counterfeit currency,” the release states. Before the merge, cybercrime investigators required extra training to conduct computer forensic investigations, exams, trace internet addresses and collaborate with tech companies.

Financial Crimes 85

Financial Crimes Crime Counterfeit Check Wire Transfer 85

PYMNTS

JANUARY 31, 2019

In the UAE, for instance, a group of banks recently banded together to crack down on acts of check-related fraud. The 52-member UAE Banks Federation recently unveiled new approaches to address check fraud activities, such as counterfeit checks, including enhanced encryption technology and unique QR codes on newly issued checks.

AI 79

AI Counterfeit Check Checks Encryption 79

PYMNTS

JULY 25, 2018

While 54 percent of those scams involved wire transfers, more than a third targeted check payments. This means that, though ACH payments have developed a reputation of greater security compared with checks, BEC scammers are also committing the scam to request fraudulent ACH transfers, too.

Scams 55

Scams Business Email Compromise AFP Wire Transfer 55

PYMNTS

NOVEMBER 17, 2020

Chaos and disarray, of course, have been the hallmarks of the pandemic, and even of the leap in moving from paper checks and in-person commerce and banking to digital conduits. So, it might start with a counterfeit check, but it comes from social engineering from social media,” she offered as an example.

Authentication 78

Authentication Online and Mobile Banking Financial Crimes Mobile Banking 78

PYMNTS

JUNE 10, 2019

The group’s genesis traces to West Africa in 2008, where Craigslist was used as a conduit to send counterfeit checks. The group has evolved from a “one-man shop” that originally scammed victims on Craigslist , and now has dozens of fraudsters targeting smaller firms through BEC — with an emphasis on U.S.

Business Email Compromise 51

Business Email Compromise Scams Romance Scams Counterfeit Check 51