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ACH Fraud Is Rising - And New NACHA Measure Leaves Gaps

FICO

million fraud reports from consumers , with imposter scams remaining the most common type of fraud reported to the agency. 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. Here’s why.

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5 Keys to Managing Merchant Risk in Onboarding & Monitoring

FICO

Consumer habits have shifted to online shopping for goods and services and the impact for merchant acquirers is the need for faster onboarding of new merchants and effective ongoing monitoring to minimise fraud and compliance risk. Validating these new entities requires more robust solutions that can leverage internal and external data.

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