First-Party Fraud and the Role of the RDFI
Nacha
"Members of Nacha’s Risk Management Advisory Group (RMAG) have noticed an increase in first-party fraud at their institutions, and Nacha representatives are fielding more questions on first-party fraud from other participants on the ACH Network. First-party fraud comes in many forms, but the two most concerning to RMAG member financial institutions and their customers are account opening schemes and false claims fraud."
