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Fraud is no longer confined to individual payment rails. Those committing fraud today move seamlessly across cards, ACH, wires, real-time payments and digital channels, exploiting the gaps created by banks' siloed systems, teams and controls. The imperative, then, is to recognize how fraud is converging across payment rails, why traditional rail-by-rail detection models are increasingly ineffective, and what banks must do to achieve a true 360-degree view of customer behavior. Key to fighting modern payments fraud: cross-rail visibility, behavioral analytics, continuously adapting risk scores, and organizational alignment can help institutions spot patterns earlier, reduce losses and improve customer trust while navigating regulatory expectations and operational realities.
