American Bankers Association

News & Analysis

american bankers association and fraud - All News and Analysis

• American Bankers Association

  - 2007-12-03

  The American Bankers Association's Deposit Account Fraud Survey Report showed attempted check fraud at the nation's banks has more than doubled in the past three years, reaching an estimated $12.2 billion in 2006. While attempted check fraud continued to rise, the increase in actual dollars lost was less dramatic--$969 million...

  Tags: American Bankers Association, fraud, Litigation

• American Bankers Association.(BUSINESS NEWS)

  - 2005-03-01

  Attempted check fraud at U.S. banks rose to $5.5 billion in 2003, according to the latest report from the American Bankers Association ABA. The good news is that while attempted fraud continued to rise, actual dollar losses were slightly lower than in 2001, the date of the...

  Tags: American Bankers Association, fraud, Litigation

• Check fraud costs industry between $12 billion and $15 billion annually.(the scoop)(Brief Article)

  - 2003-09-01

  "In recent years, open-terms credit fraud has become a tremendous threat to a widening circle of businesses and industries. In fact, it is not uncommon for companies in some industries to experience fraud loss rates equal to 25 percent or more of overall bad debt," says...

  Tags: American Bankers Association, fraud, Litigation, Strategy

• P&C uses fingerprints against fraud

  - 2003-03-28

  SYRACUSE - Penn Traffic, the parent company of P&C, has employed an old technology to combat high-tech check fraud. The grocer recently introduced the CrimeBite check-security system in its 212 stores.CrimeBite uses an inkpad to place a customer's fingerprint on payroll checks the store cashes. In cases of fraud, police...

  Tags: American Bankers Association, bank, FINANCE, fingerprint, fraud, Litigation, payroll

• American Bankers Association. (Did You Know That?).(check fraud statistics)(Brief Article)

  - 2003-01-01

  Despite an explosion in attempted check fraud, banks received some heartening news recently from the American Bankers Association: Their fraud prevention systems seem to be working. In 2001, according to an ABA survey, attempted fraud exceeded $4.3 billion; in 1 999, attempted fraud totaled only $2.2...

  Tags: American Bankers Association, fraud, Litigation

• Attempted check fraud doubles to $4.3 billion. (Focus).(in 2001 )

  - 2002-12-30

  Attempted check fraud at the nation's banks surpassed $4.3 billion in 2001, doubling for the second time in four years, according to the latest American Bankers Association ABA Deposit Account Fraud Survey Report. But while attempted fraud losses continued to rise, actual dollar ...

  Tags: American Bankers Association, bank, fraud, survey

• American Bankers Association.

  - 2001-04-01

  Attempted check fraud at commercial banks has doubled in the past two years, according to the American Bankers Association Deposit Account Fraud Survey Report.

  Tags: American Bankers Association, fraud, Litigation

• Fraud facts

  - 1998-02-01

  The growing awareness of the value of shredders is driving this highly attractive market. Office products dealers need to be aware of the intrinsic value of shredders to all types of customers: corporate to SOHO. According to information compiled by the American Bankers Association ABA: Instances of fraud for MasterCard...

  Tags: American Bankers Association, fraud, Litigation, MasterCard International, SECURITY, Visa Inc.