5 Fraud Facts Worth Knowing Right Now
The organizations you bank are under significant threat right now. The ones running payroll, paying vendors, and collecting receivables for their own account. Fraud tactics evolve fast, and your customers’ operations are the primary target for fraudsters. Of course, this matters for your…
The Nacha Fraud Monitoring Rules Apply to Every Non-Consumer Originator — Not Just Third-Party Senders
One of the most common questions we hear from financial institutions right now is some version of this: “Do these rules really apply to all of our commercial ACH Originators?” The answer is yes — and we’re here to help you navigate that. The Nacha Fraud…
Fraud Monitoring vs. Transaction Monitoring - Key Distinctions to Know for the New Nacha Rule
Nacha’s new Fraud Monitoring Rule (the “New Rule”) requires risk- and role-based fraud monitoring. It explicitly applies to banks (ODFIs) as well as their non-consumer customers that submit ACH Entries on behalf of themselves or third parties. Nacha has created a list of vendors that provide…
Lexalign introduces Security for Electronic Banking Self-Assessment
Helping banks’ business customers self-assess and manage their security risk. AUSTIN, Texas – April 19, 2023 – Lexalign PBC, a leading provider of solutions that empower frontline fraud defense, announced today the introduction of a new product—Security for Electronic Banking Self-Assessment.…