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FedNow aims to avoid Zelle-type fraud

Payments Dive

As the Federal Reserve prepares for a mid-year launch of its instant payments system, FedNow, it’s zeroing in on anti-fraud tools to protect users.

Fraud 468
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Visa flags rising in-person fraud

Payments Dive

The card behemoth said it’s observing an increase in in-person fraud now that U.S. consumers are returning to their pre-pandemic shopping habits.

Fraud 438
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P2P fraud and emerging AML trends

Abrigo

P2P fraud can be difficult to detect Knowing how criminals avoid detection can help minimize losses at your financial institution. Takeaway 3 Stay informed on various trends and practices to prevent clients and peers from becoming victims of P2P fraud. This can be an indication of fraud. or digital currencies.

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Payments fraud climbs as banks reach for joint response

Payments Dive

Financial institutions and payments players are seeking to coalesce around new efforts to battle skyrocketing payments fraud.

Fraud 273
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Risk Assessment – Building Trust in Financial Institutions

Consumer losses to fraud rose to $5.8 It's not just any crime; we're talking about money laundering and financial fraud. billion in 2021. Risk assessment is the latest technology that helps companies evaluate risks and ensure proper client onboarding.

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PPP fraud: How financial institutions can mitigate ongoing risk

Abrigo

Detecting PPP fraud after the program's end date BSA and fraud professionals saw a spike in fraud during the first two rounds of PPP funding. Takeaway 1 Prosecutors call PPP fraud the largest fraud in a generation. Here's how to detect fraudulent loans still in the portfolio.

Fraud 195
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Smishing: Text messaging fraud and how to avoid it

Abrigo

You might also like this webinar, "Proactive measures to protect against check fraud and fraud loss." REGISTER now Takeaway 1 Phishing is not a new fraud trend, but the rise of smartphones means text messaging fraud is becoming more common. billion to fraud in 2021, a 70% increase over the prior year.

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8 Sins of a Manual Reconciliation

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

In this high-pressure environment, it’s important to remember that reconciliation activity is your last line of defense against financial fraud and errors. Business operations are getting increasingly complex, shareholders are demanding more, and your auditors are breathing down your neck like never before.