Addressing real-time payments fraud requires a combination of techniques—there's no silver bullet—according to the latest Independent Banker magazine.

Details: The article shares that community banks can step up their strategies to address authorized and unauthorized instant payments fraud by:

  • Putting in place risk assessments for inbound and outgoing transactions.

  • Continuously monitoring local regulatory actions and mandates.

  • Developing internal tracking and reporting of authorized push payment fraud to monitor transaction counts and amounts.

  • Analyzing commercial fraud solutions to determine which ones complement their framework.

More: The October issue of Independent Banker also features articles on successful core conversions, specialized lending, email marketing, and cybersecurity.

Access: The magazine is available on the Independent Banker website and via the digital edition.

READ THE ARTICLE