ACH Payments Lower Credit Fraud Risk—But Vigilance Still Required

In an IOFM survey, respondents were asked to cite which new technologies that they'd adopted over the previous year had delivered the greatest efficiency gains to receivables performance, AR department productivity, and customer satisfaction. The top response, well ahead of all others, was implementing the ability to receive, and convincing customers to send, payments via the ACH network, cited by 37 percent (see Figure). ACH Lowers Credit Fraud . . . That is especially good news given the…