As of September 2016, same-day Automated Clearing House (ACH) payment processing became a reality.
While this represents a terrific opportunity for banks to be responsive to their customer's requirements for faster ACH payments, plus the ability to attract new customers from banks who choose not to offer the same level of responsiveness, it also increases the risk of payment fraud.
As banks begin to originate a growing number of same-day payments, they will also need the requisite security systems in place that are layered, flexible, adaptive, and integrated to enable banks to efficiently protect themselves and their customers.Read This Whitepaper to Learn:
How your institution can better protect itself against these risks.
White PaperThree Ways for Banks to Secure Payments Against Emerging Threats
73% of business experienced actual or attempted payment fraud in 2015. As attacks become more sophisticated, organizations need to take effective payment security measures in order to prevent payment fraud.
White Paper5 Ways for Banks to Stay Ahead of Cyber Fraud Sophistication
According to the AFP 2016 Payments Fraud and Control Survey, nearly 75% of companies were targets of payments fraud last year. Not surprisingly, as the threat level increases, so does the cost of an attack.
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