Business Payments Fraud
The payments fraud landscape is changing at a rapid pace and while check fraud encompasses the vast majority of these fraudulent dollars, electronic fraud (ACH and wire) is becoming one of the fastest growing types of fraud. As your financial institution, Fifth Third Bank is committed to helping you stay up-to-date on emerging trends in payment fraud and providing you with the tools you need to help protect your organization from these threats.
Types of Payment Fraud:
Check Fraud occurs most often through counterfeit checks, altered checks and forged signatures.
Internet Fraud can take several forms and is intended to intercept, view or redirect confidential information about the client and the client’s financial information in order to compromise accounts and commit fraud.