EPCOR - Electronic Payments Core of Knowledge’s Post

📝 In just the past ten years, the number of Suspicious Activity Reports (#SARs) filed for credit and debit cards has more than tripled while most financial institutions are seeing increased #RegulationE write-offs from #debitcardfraud claims. 🤔💭 Why it matters: In response to increased #fraud, financial institutions are looking for solutions to reduce or mitigate fraud events among cardholders. What can financial institutions do to reduce fraud? One thing would be to introduce the #cardcontrols product to the account holder as a means to manage how they utilize their debit card. ➡️ Learn more: https://zurl.co/58ug #payments #paymentseducation #fraudmitigation

The Payment Fraud Report, based on data from FraudSMART members, published today reveals that card fraud accounted for 95% of fraudulent transactions and 36% (€35.2 million) of gross fraud losses in 2023. View the report on https://lnkd.in/eXvHYmUG #fraudsmart

💸 While #fraud is a major concern no matter what payment type or platform you’re looking at, it has been a particular concern shared frequently when speaking about both #RTP and the #FedNow Service. It’s important to remember that fraud concerns exist in all payment systems. But thankfully, there are ways to greatly reduce your risk. 💡 ➡️ Let's talk about it: https://zurl.co/dt3I #instantpayments #instantpaymentsfraud #payments Sharon Hallmark, AAP

Payments Dive shares the 6 payments trends to watch in 2024. Swipe fee battles, real-time payments, fraud prevention and acquisition plans will be among the hot topics pulsing through the industry this year. Read more here 👉 https://lnkd.in/d4skWcsm #MerchantServices #PaymentNews #BetterTogether #PaymentTrends #PrecisionPaymentSystems

New ACH Rules updates were approved on March 18, 2024. 🤔 💭 Why it matters: it’s important to remain in the know regarding #ACHRules updates so your organization can remain compliant. The approved set of Rules is intended to reduce incidences of #fraud, with many Rules specifically focused on reducing credit-push fraud. Learn more: https://zurl.co/kHce #ACHRulesUpdates #ACHNetwork #paymentsfraud #paymentsrules

Is your business looking for a simple and effective tool to help protect from fraud? Sounds like you need Positive Pay! It offers strong protection for your ACH transactions, as well as the checks you write. Watch the video below to learn more. #BorderBank #FraudProtection #PositivePay

New ACH Rules updates were approved on March 18, 2024. 🤔 💭 Why it matters: it’s important to remain in the know regarding #ACHRules updates so your organization can remain compliant. The approved set of Rules is intended to reduce incidences of #fraud, with many Rules specifically focused on reducing credit-push fraud. Learn more: https://zurl.co/kHce #ACHRulesUpdates #ACHNetwork #paymentsfraud #paymentsrules

Grateful for the AI-powered fraud analytics in keeping our banks safe from financial crime! By spotting suspicious patterns, banks can catch fraud early and protect your money. Stay aware of common threats and use smart analytics for top-notch security. #AI #Technology #IT

Fight fraud & protect your business and transactions. Watch this video to learn key strategies for mitigating online payment fraud. Like, leave a comment and share to help someone #FraudPreventionTips #FintechSecurity #VesicashBusiness #Vesicash

In 2023, a staggering 40% of all crime in England and Wales was fraud, highlighting the advanced tactics scammers use to deceive individuals. Knowledge is your best defense against these fraudulent schemes. Learn how to identify online banking scams and safeguard your assets from becoming a scammer’s next target. Stay informed, stay secure. https://bit.ly/49YPlNF #OnlineBanking #OnlineBankingScams #Savings #Fraud #KeepingYourMoneySafe #AlwaysWorkingWithYou