Fraud
Fraud
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Instances of check fraud have ballooned in recent years, plaguing banks, and they don't seem to be slowing down. Probably the best thing regulators can do to combat that fraud is to develop an equally inexpensive alternative that is more secure, and FedNow might be that service.
July 30 -
In a new survey of bank executives from IntraFi, 90% of respondents said instances of check fraud have increased in recent years and half want law enforcement to make check fraud a bigger priority to stop criminals from stealing checks in the mail.
July 29 -
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A rising number of check fraud cases involving counterfeit checks is compounding the already-serious problem of fraud in one of the oldest payment methods widely available.
July 24 -
Shares in the Dallas bank fell sharply after it disclosed that it expects to lose its contract for the Direct Express program, which would wipe out more than $3 billion in non-interest bearing deposits. Comerica's involvement with the Treasury Department's prepaid card program has been marred by controversy.
July 19 -
Banks reported that they have far more protections against fraud in digital channels versus branches or call centers, according to survey research.
July 16 -
In this edition of American Banker's news quiz, see if you know the latest updates on JPMorgan Chase's fraud prevention methods, Supreme Court rulings on swipe fees, the woes of former Silvergate Bank executives and more.
July 8 -
The bank has seen positive returns expanding its national branch network, but it is contending with fraudsters who are increasingly targeting branches.
July 1 -
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Harris's leadership at Sentilink to help stop fraud at account opening has made him one of American Banker's 2024 Innovators of the Year.
June 21