The urgency to defeat ACH transfer fraud

Fraudsters are bolder than ever. In March, attempted fraud transactional value was up 13% year over year. With it, phishing schemes, application scams, mule recruitment, stimulus payment and loan fraud, and more are ramping up. They're following the money: For the first time ever the number of ACH debit transfers has exceeded the number of check payments. To combat fraud, Nacha has launched new account validation requirements. Along with it comes important new opportunities for financial services companies: By staying on top of fraud intel, you’ll protect your reputation, reduce fraud costs, and introduce operational improvements that save money while increasing consumer satisfaction. Join this VB Live event to learn how to leverage fraud safety measures into consumer satisfaction, where to find the best sources of fraud intelligence, plus an overview of the online payment landscape, tips on getting compliant with the new account validation requirements, and more. Attendees will take away: - An in-depth look at the Nacha WEB Debit Account Validation Rule - A broad overview of the current and future online payment landscape - Lessons from the financial services companies in the fray - And more Speakers: Jason Carone, Director of Product Management, Silicon Valley Bank Eric Jamison, VP, Product Management, Envestnet | Yodlee Evan Schuman, Moderator, VentureBeat