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Virtually all financial and payments professionals believe payments fraud is only going to get worse in the near future, according to a new survey by TD Bank.

The survey, which polled attendees at April’s NACHA-The Electronic Payments Association conference in Austin, Texas, found that 91% of 392 payments system stakeholders at the conference said they believe payments fraud is going to become a bigger threat in the next two to three years. That’s up from 89% in 2016, the bank said.

Tina Orem

Credit Union Times

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