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Financial Institutions Amended Rules Business E-Mail Compromise (BEC)

Orrick, Herrington & Sutcliffe LLP

Nacha’s new rules intends to reduce business fraud that uses credit-push payments

On March 18, Nacha announced rule amendments intended to reduce the incidence of frauds that leverage credit-push payments, such as vendor impersonation and business email compromise (BEC). While, importantly, the rules will...more

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