Check scams continues to be a growing issue for banks of all sizes — and it’s not disappearing anytime quickly. On the current episode of the ABA Banking Journal Podcast — provided by Intrafi — ABA’s Paul Benda and James Hitchcock talk about how banks can boost their defenses versus check scams, consisting of brand-new innovations and combination of investigative intelligence as check scams and cyber scams converge in unsafe methods. Benda and Hitchcock likewise lay out crucial characteristics these days’s check scams patterns that lenders require to understand. Finally, they talk about ABA’s brand-new and complimentary Check Fraud Claim Directory, which supplies all banks — ABA members and non-members alike — with access to contacts and format requirements for check scams guarantee breach claims.
This episode is sponsored by Intrafi.
In this episode: