DataVisor - Digital Fraud - June 2022 - A closer look at the defensive measures stopping check and digital payment fraud

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

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