Will Same Day ACH Rollout Spark A Fraud Spike?
PYMNTS
SEPTEMBER 9, 2016
When the United Kingdom introduced Faster Payments in 2008, there was a 132 percent spike in fraud as cybercriminals tried to take advantage of the reduced timeframe, according to Rojas. Of the 420-plus customers, Rojas said about 140 are currently using one of the company’s two ACH products, dubbed ACH-ODFI and ACH-RDFI.
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