Reports of stimulus payment-related fraud have sharply increased following the passage of the second stimulus package. Given the drawn-out pandemic, coupled with an enormous amount of uncertainty, …
Top 5 Holiday Scams To Watch
Cybersecurity reports paint a dreadful end-of-the year picture for 2020: one filled with some typical holiday cybercrime traditions — phishing and digital scams — that threaten payment mechanisms. …
How To Validate Treasury Checks Across Deposit Channels
As of early May, U.S. unemployment reached a historic 22.8%. That number is expected to rise, possibly to Great Depression levels, in the coming weeks. To help those laid off or furloughed as a result …
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Interactive Teller Machines Show Potential Growth For Fraud, Study Shows
Interactive teller machines, seen as a solution for financial institutions looking to expand banking hours and their geographical footprint, are increasingly a fraud target as new U.S. ITMs roll …
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OpEd: Why Aren’t Financial Institutions Sharing Check Fraud Data?
Necessity may be the mother of invention, but it can also solve banking problems in the midst of an emergency. Over the last four decades, overwhelming circumstances have accelerated financial …
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CARES Act Brings Much Needed Relief. And Fraud.
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), a $2 trillion relief package to cushion the economic impacts of COVID-19, will be a windfall for U.S. businesses and consumer alike. …
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