Al Pasqual, SVP - Enterprise Risk Solutions at Sontiq, a TransUnion company, stopped by the show to share the latest news about the resurgence of check fraud and its impact on financial services today. With fewer and fewer people writing checks these days, who knew this was still a thing? According to Al, it is and it's getting worse.
Al share with us exactly what’s going on with this resurgence and what types of challenges it is posing to the financial services industry.
He also mentioned how check fraud can actually pit FIs against other FIs -- and explained how this happens.
Thankfully, there are ways financial institutions, credit unions in this case, can combat check fraud. Al shares his tips and tricks in this area.
Lastly, he shared how he sees this trend continuing in 2023.
Check it out and let us know your thoughts. And be sure to watch the entire episode below for all the details.
Mike Lawson, Host
Married to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.