Payments

In the wake of the Equifax breach, fraudsters now have 143 million new tools at their fingertips to explore new avenues of payments fraud, particularly when it comes to new account enrollments, account takeover and synthetic identity-based fraud. The impact of this breach will be felt for years to come. Millions of consumers are being placed at risk for the indefinite future, perhaps for the rest of their lives.

Beginning September 15, same-day ACH Debits will become a reality for financial institutions, payments providers, businesses, and consumers. Despite this looming transition, the majority of organizations are not prepared for offering this new service to their customers.