Proactivity a Must to Expose Lurking ACH Risks
Whether it's a member's auto loan payment that's automatically deducted each month or a small business processing payroll online, automated clearing house risks are in the spotlight more these days. The risks can be confusing and can vary with each type of transaction, according to CUNA Mutual Group.
To help clear though the fog, more than 1,000 people registered for a Feb. 19 webinar hosted by the company on such topics as emerging problems with online account takeover fraud and unauthorized origination of outgoing funds. The session also covered the risks of originating debits as deposits or loan payments and operational issues for the receiver of fraudulent credit and debit transactions.