Fraud Execs Say ACH and Check Fraud Pose Ongoing FI Threat

Digital Fraud Tracker® - June 2022

Digitizing payments has increased ease of use and transaction volumes, but both check and ACH fraud are still commonplace. In this month’s “Digital Fraud Tracker®,” a collaboration with DataVisor, PYMNTS talked with Seth Ruden, senior director of fraud operations for First Tech Federal Credit Union, about crafting a holistic approach that balances ironclad security with seamless payments and banking interactions.

Inside the June Tracker

An interview with Seth Ruden, senior director of fraud operations at First Tech Federal Credit Union, about how they protect members against ACH and check fraud
Recent digital fraud headlines, including why checks are the leading cause of payment fraud and why Singapore is subjected to more digital fraud than any other country in the world
PYMNTS Intelligence examining the that fraudsters use for check and digital payment fraud, and the defensive measures that are most effective at stopping them