FICO

JULY 28, 2021

NACHA, the payments clearing house through which ACH transactions flow, reported a banner year in 2020, posting an 8.2% Source: NACHA. NACHA Steps Up Its Fraud Prevention Requirements. Use a verification database to validate the account. Use financial institution credentials to access the end user’s bank accounts.

NACHA 52

NACHA ACH Scams Account Validation 52

PYMNTS

OCTOBER 16, 2020

How Visa, FIS, TCH, SWIFT, Nacha And Circle See The Future Of Faster, Real-Time Payments Rails . Peer-to-peer (P2P) payment apps face a double-edged cybercrime threat, with both account takeovers (ATOs) and scams targeting their users. Zelle: The Role Of AI In Stopping COVID-Related P2P Payment Scams .

Instant Payments 95

Instant Payments Card Issuer Online and Mobile Banking Federal Reserve 95

Stax

NOVEMBER 11, 2024

ACH transfers, or payments made through the Automated Clearing House network, account for billions of dollars in payments annually. In fact, NACHA, the nonprofit that governs the ACH payments network reported 6.1% According to NACHA, most ACH transfers process the same or next-day. in payment volume growth in Q4 2021.

ACH 88

ACH Checks Identity Theft Payments 88

PYMNTS

NOVEMBER 6, 2017

billion each year and that account takeovers have seen a sharp spike of 45 percent in Q2 2017. Nelson joined the organization in 2006 after previously serving as the executive vice president of NACHA- The Electronic Payments Association. percent from Q2 2016 to Q2 2017. It was becoming an epidemic.”. About the Tracker .

FS-ISAC 47

FS-ISAC Cybersecurity Account Takeovers NACHA 47

Fintech Finance

AUGUST 19, 2024

According to the National Automated Clearinghouse Association (Nacha), same-day ACH volume saw a 47% year-over-year growth when comparing the first quarters of 2023 and 2024, due to factors such as the continual increase in real-time payments usage among consumers and businesses. “Our

ACH 52

ACH Fraud Prevention AI Same Day ACH 52

PYMNTS

MAY 7, 2018

In its analysis of the Same-Day ACH rollout, NACHA found no evidence that it led to an increase in fraud attempts or successful breaches. 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.

Same Day ACH 47

Same Day ACH Fraud Detection ACH NACHA 47

PYMNTS

DECEMBER 18, 2017

Researchers at TD Bank found approximately one-fifth of financial professionals that were hit with some type of fraud in the last year said it came in the form of the business email compromise, making it the most common tactic, though account takeovers were nearly as common.

Scams 41

Scams Email Compromise Compromise Wire Transfer 41