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The Federal Communications Commission(FCC) this week published an advisory warning consumers about bank impersonation scams and offering tips for avoiding them. Bank impersonation scams account for the highest losses of any impersonation scam category, with victims often losing everything in their accounts, according to the advisory. The scams typically pressure consumers to take immediate action to …
Payment fraud continues to be one of the greatest financial threats facing businesses today. As fraudsters become more sophisticated, relying on stolen checks, altered checks, and unauthorized electronic payments, businesses need stronger safeguards to protect their accounts. First National Bank of Michigan’s Positive Pay and ACH Positive Pay services provide an added layer of security …