US EditionCombatting Rising Check Fraud with Virtual Cards
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Combatting Rising Check Fraud with Virtual Cards
By Anil Goyal, CEO at CorServ Check fraud is experiencing a troubling resurgence in the financial ecosystem, driven by advanced criminal tactics and vulnerabilities in traditional payment systems. According to the 2024 AFP® Payments Fraud and Control Survey Report, checks remain the most vulnerable payment method, with 65 percent of organizations reporting fraud attacks involving checks in 2023. This data highlights an urgent need for businesses…
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