More tools to tackle check fraud

ABA Banking Journal Podcast

Fraud is front and center for America’s banks, and on the latest episode of the ABA Banking Journal Podcast — sponsored by Alkami — ABA’s Paul Benda and Peter Cook discuss several recent initiatives taken by ABA to help banks tackle fraud from a variety of fronts.

• Benda discusses ABA’s recently expanded Fraud Contact Directory, which is free to all banks and now encompasses other forms of fraud to facilitate prompt claims.
• He also explores new tools banks are using to tackle rising fraud numbers.
• Meanwhile, Cook discusses the latest incarnation of ABA’s award-winning #BanksNeverAskThat anti-phishing campaign — returning for a fourth year in October and also free to all banks — and previews a new companion initiative, Practice Safe Checks, that educates consumers about how to avoid becoming unwitting victims of check fraud.