Killing the Fraud Monster: Understanding the Latest Weapons to Protect Your Payments
Industry attempts to combat the growing prevalence and increased sophistication of payments fraud are ramping up. Nacha’s latest rules to safeguard ACH originators’ payment account data, including encrypting and pre-validating routing and account numbers for WEB Debits, are just a few ways the industry is fighting back. Presenters in this session will discuss details around rising payments fraud trends; new rules designed to reduce the risks; and how corporate practitioners and industry providers are using the latest tools to authenticate and verify accounts prior to sending ACH, RTP and wire payments to comply with the new regulations and keep their payments safe. Speakers in this session explore emerging options to stay out of the danger zone including understand the latest payments fraud trends and current industry regulations in place to combat fraud by securing payment data. Attendees come away from the session understanding how corporate practitioners and industry providers are implementing solutions to move electronic payments safely to comply with industry rules.