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Expert Analyses of the following article:

Assessing the landscape of payments fraud

Source: www.chicagofed.org
June 26, 2008
Chicago Fed Payments Fraud: Perception versus Reality
Author: GLG Expert Contributor
Conference take-aways: (1) All payment systems – paper checks, truncated checks, pin and signature debit cards and credit cards and ACH are subject to fraud. (2)  Fraud prevention systems need to take a holistic enterprise-wide rather than a point solution approach.       (3) A huge amount of first-person fraud losses are miscategorized as credit losses. undefined·  (4)...

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