Remove Account Takeovers Remove Account Validation Remove Push-to-Card
article thumbnail

ACH Fraud Is Rising - And New NACHA Measure Leaves Gaps

FICO

These scams are typically Authorized Push Payment (APP) schemes in which the transaction is executed by the customer directly, often via—wait for it—ACH payments. In response to a rise in fraudulent activity targeting ACH and other electronic transactions, the WEB Debit Account Validation Rule was put into effect by NACHA on March 19, 2021.

NACHA 52
article thumbnail

Fraud: What Pandemic Panic Buying And Black Friday Have In Common

PYMNTS

To that end, said David Barnhardt, chief experience officer at GIACT , in an interview with Karen Webster, an explosion in online transactions, in card not present activity, has brought with it a host of challenges for companies simply trying to keep up with demand.