From payroll diversion schemes to Business Email Compromise (BEC), fraudsters are exploiting the increasing speed, convenience, and volume of ACH transfers for their gain. With the threat of ACH fraud increasing, financial institutions need robust solutions now more than ever.
With cross-institutional payee analysis to determine if a receiving account has a trusted history of activity, and the ability to stop suspicious transfers in real time, Verafin’s ACH Fraud solution has helped hundreds of financial institutions protect their consumer and corporate customers from loss.