How Relates to ACH Payments - PowerPoint PPT Presentation

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How Relates to ACH Payments

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Since ACH payments are often low risk, ACH transaction processing is largely automated. Therefore, detection of fraud might not occur in time to stop it. For More details visit my website. – PowerPoint PPT presentation

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Title: How Relates to ACH Payments


1
How PCI Compliance Relates To ACH Payments
  • What is PCI Compliance?
  • The Payment Card Industry Data Security Standard,
    commonly known as PCI DSS, has long been the
    leading authority in terms of security for the
    credit card processing industry. Its reliability
    makes PCI enormously valuable when it comes to
    protecting not just card information, but any
    type of sensitive data, such as ACH payment
    processing credentials.
  • The misconception that only large companies that
    have huge processing capabilities need to be
    concerned with security will hopefully become
    less widespread.

2
How PCI Helps Prevent ACH Processing Fraud
  • PCI compliance was introduced in the payment
    industry to stem the tide of fraud losses, but
    unfortunately, not all entities respect it as
    they should. A recent study released by the
    American Bankers Association (ABA) suggests that,
    in spite of the best efforts of banks to prevent
    fraud, their task is rendered difficult by retail
    data breaches.
  • These breaches, which have become the norm in
    recent years, are made possible by insufficient
    security protection. The good news is that ACH
    payment processing, online banking, and wire
    transactions taken collectively make up just 2
    of the losses reported by the ABA. Fraud losses,
    however, continue to increase, mainly because not
    all parties involved in the payment ecosystem are
    equally concerned with security and prevention.
  • The consistent implementation of PCI standards
    would make it considerably difficult for
    fraudsters to make a breakthrough to your ACH
    payment processing.

3
Tips To Protect Your ACH Payment Processing
Account
  • Since ACH payments are often low risk, ACH
    transaction processing is largely automated.
    Therefore, detection of fraud might not occur in
    time to stop it. Given the fact that business
    accounts have just 3 days to reverse an ACH
    payment processing fraudulent transaction, it
    would be unwise to disregard this risk.

4
How Employees Cause ACH Payment Processing Fraud
  • Fraudsters can get access to ACH payment
    processing information by targeting employees
    with tried-and-tested techniques. These threats
    can be addressed by providing training to
    employees that handle ACH payment processing
    information on how cybercriminals perpetrate
    their acts.
  • Regardless of what security measures a merchant
    decides to adopt, they need to be implemented and
    followed as consistently as possible, until they
    become a part of business as usual.What are you
    doing to protect your business from ACH payment
    processing fraud?.

5
Contact Us For Details
  • Contact Us National ACH
  • Address 1802 North Carson St,Suite 212,Carson
    City, NV 89701
  • Email Info_at_nationalach.com
  • Phone No (214) 269-9361
  • Website https//www.nationalach.com
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