Fighting ACH Fraud and Other Business Threats

Comerica Bank

Young Business owner looking over the books at her desk with coffee

From ACH fraud to email phishing scams, businesses must constantly guard against fraud. An experienced financial institution, such as Comerica Bank, can help.

Businesses must constantly be on guard against fraud. The damaging effects of falling prey to a scam — external or internal — can cost in both dollars and reputation. The risk landscape is vast and evolving, but there are still many factors under your control to prevent it. The first is your relationship with your bank. Do you have the tools you need to combat fraud and stay on alert?

Your financial institution must be a key asset in the fight against fraud. As the Leading Bank for Business*, Comerica Bank is ready to step in and serve to help you combat the many forms it comes in.

Beware ACH fraud, among many other types

Before reinforcing your defenses against fraud, it is imperative to know what you are up against. This will help you gain the precise tools needed. One of the most common types of business fraud involves the Automated Clearing House (ACH). The ACH is a nationally used system for moving and approving financial transactions, but it can be manipulated by fraudsters who make up bogus accounts or redirect funds to themselves. Without oversight and responsive tools, businesses may fall victim to such attempts. However, with Comerica, business banking clients can leverage positive pay features to personally review any activity, either approving or rejecting it before the transaction posts.

Unfortunately, ACH is just one type of fraud that businesses must become familiar with and defend against. Other forms include email phishing scams, check fraud and fake invoices. Each scenario requires expert knowledge and service, which you can read about in our infographic "Fraud in Many Forms: Fighting ACH Fraud and Other Business Threats."

To learn more about forms of fraud and what your business needs to protect itself, reach out to Comerica Bank today.

This information is provided for general awareness purposes only and is not intended to be relied upon as legal or compliance advice.

This article is provided for informational purposes only. While the information contained within has been compiled from source[s] which are believed to be reliable and accurate, Comerica Bank does not guarantee its accuracy. Consequently, it should not be considered a comprehensive statement on any matter nor be relied upon as such.

Comerica ranks first nationally among the top 25 U.S. financial holding companies, based on commercial and industrial loans outstanding as a percentage of assets, as of December 31, 2018. Data provided by S&P Global Market Intelligence.

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