Feature Sheet

COVID-19-Related Stolen Stimulus Payment Detection

The Coronavirus Aid, Relief, and Economic Security (CARES) Act is the largest economic stimulus package in U.S. history — and a potential windfall for criminals seeking to intercept and reroute direct deposits. Financial institutions must establish robust protections to prevent fraud, and shield customers from serious loss.

Take decisive action against stimulus payment fraud with Verafin’s Stolen Stimulus Payment solution, harnessing the power of targeted detection for multiple payments to a single account, mismatched payee and customer account information, and rigorous banking relationship analysis.

  •   COVID-19
  •   Fraud
  •   Fraud Management
  •   Fraud Scams
  •   Stimulus Payments

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