With fraud rampant, risk management is essential in banking and payment processing

With fraud rampant, risk management is essential in banking and payment processing

Posted On April 2, 2023

Few of us write checks regularly anymore. They’re primarily used for things like insurance payouts and the like. But while the use of checks continues to fall each year, instances of fraud involving checks continues to rise. “Even as the number of checks reduces 10 percent year over year,” said Rusty Pickering, President and Chief Operating Officer of Ingo Money, “the amount of check fraud attempts that we see is going up something like 30 percent annually.” Pickering’s firm is a payment processing company based in Alpharetta, Georgia, but a large part of his job is risk management – managing… Read More